O-LevelEconomicsMicroeconomic decision makers2281/12 · May/June 2024 · Q111 Mark

What would cause a decrease in spending by households in a country?

Areduction in disposable income

Breduction in the rate of sales tax

Clower interest rates

Dlower savings

✓ Correct answer

A: reduction in disposable income

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2024 Paper 1 Variant 2, question 11.

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