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O-LevelEconomicsGovernment and the macroeconomy2281/11 · May/June 2023 · Q41 Mark

Which economic activity would be classified as macroeconomics?

Ahouseholds spend less on holidays abroad
Bincome tax is increased by the government
Cwages rise for construction workers
Dworld coffee price rises due to poor weather

✓ Correct answer

B: income tax is increased by the government

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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 2023 Paper 1 Variant 1, question 4.

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