Think about the two equations as two planes in 3D space and reason about how planes intersect, instead of using the rank-nullity formula.
Solving directly confirms this: from $x_1+2x_3=0$, $x_1=-2x_3$; putting this into the first equation gives $x_2=x_3$. So every solution is $(x_1,x_2,x_3)=(-2t,t,t)$ for any real $t$, tracing out a straight line through the origin as $t$ varies.
The system of equations represents a line, matching option (B).