O-LevelEconomicsMicroeconomic decision makers2281/12 · Oct/Nov 2017 · Q81 Mark

What is likely to decrease the level of saving in an economy?

Aan increase in the general level of income

Ban increase in the number of cheap offers in shops

Credistribution of income from poor to rich households

Drise in the rate of interest

✓ Correct answer

B: an increase in the number of cheap offers in shops

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2017 Paper 1 Variant 2, question 8.

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