O-LevelEconomicsMicroeconomic decision makers2281/12 · Oct/Nov 2019 · Q101 Mark

The table shows how three people (X, Y and Z) spend their income. [Table for Question 10: person X: food, clothing and housing 35%, entertainment and leisure 25%, luxury goods 40%; person Y: food, clothing and housing 50%, entertainment and leisure 20%, luxury goods 30%; person Z: food, clothing and housing 20%, entertainment and leisure 40%, luxury goods 40%] For these three people, what is the most likely order of income, from highest income to lowest income?

AX → Y → Z

BY → Z → X

CZ → X → Y

DZ → Y → X

✓ Correct answer

C: Z → X → Y

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2019 Paper 1 Variant 2, question 10.

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