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2.1 Introduction to the national economy

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Question 5

A plant nursery has spare cash in a savings account and is considering borrowing to install an automated irrigation system. Interest rates rise.

Explain how this rise may affect the nursery's savings income and its decision to install the irrigation system.

[2]
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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