O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2022 · Q221 Mark

The table shows how three people, X, Y and Z, spend their income. What is the likely order of income, from lowest income to highest income, for these three people? person X: food, clothing and housing 30%, entertainment and leisure 35%, luxury goods 35% person Y: food, clothing and housing 25%, entertainment and leisure 35%, luxury goods 40% person Z: food, clothing and housing 50%, entertainment and leisure 25%, luxury goods 25%

AY → X → 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, May/June 2022 Paper 1 Variant 1, question 22.

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