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2.1 Introduction to the national economy

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Question 44

A household has substantial savings and a variable-rate mortgage. Interest rates rise. Which outcome is most likely?

[1]
A

Both interest received and mortgage payments decrease

B

Both interest received and mortgage payments increase

C

Interest received decreases and mortgage payments increase

D

Interest received increases and mortgage payments decrease

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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