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O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2012 · Q131 Mark

What might cause a rise in the proportion of income that a person saves?

Afall in interest rates
Bfall in population
Cfall in real incomes
Dfall in the income tax rate

✓ Correct answer

D: fall in the income tax rate

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About this question

Topic
Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2012 Paper 1 Variant 1, question 13.

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