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2.1 Introduction to the national economy

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Question 38

Interest rates on new loans rise. Which response by a household is most likely?

[1]
A

Borrow less and postpone a large purchase

B

Borrow more and postpone saving

C

Borrow more and raise spending

D

Save less and raise spending

Markscheme

2.1 Introduction to the national economy Questions

  1. GCSE
  2. /Economics
  3. /2.1 Introduction to the national economy

75 exam-style questions on AQA GCSE Economics 2.1 Introduction to the national economy, covering 2.1.1a What an interest rate is, 2.1.1b Interest rates and consumer decisions, 2.1.1c Interest rates, producer decisions and calculations, 2.1.2a UK government revenue and spending, and 2.1.2b Direct, indirect and progressive taxation. Each one has a worked solution and a mark scheme showing where the marks go.

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