O-LevelEconomicsMicroeconomic decision makers2281/12 · Oct/Nov 2014 · Q101 Mark

When might rapid inflation together with low interest rates be a source of concern for a consumer?

Awhen a consumer lives on a pension linked to the consumer price index

Bwhen a consumer needs to use savings for regular expenditure

Cwhen a consumer pays a fixed rent for their accommodation

Dwhen a consumer wishes to buy a good on credit

✓ Correct answer

B: when a consumer needs to use savings for regular expenditure

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2014 Paper 1 Variant 2, question 10.

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