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O-LevelEconomicsGovernment and the macroeconomy2281/11 · May/June 2015 · Q211 Mark

A worker earns $250 each week, which leaves a disposable income of $175. What will affect the real value of the worker's $250 earned income?

Achange in government spending
Bchange in interest rates
Cchange in the price level
Dchange in the tax rate

✓ Correct answer

C: change in the price level

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About this question

Topic
Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2015 Paper 1 Variant 1, question 21.

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