A household has a pension worth £86,000, shares worth £24,000 and a loan of £32,000 at the start of a year. By the end of the year, the pension has increased in value by £4,000, the shares have fallen in value by £3,000 and the household has repaid £6,000 of the loan.
What is the household’s net wealth at the end of the year?
£117,000
£85,000
£79,000
£111,000
64 exam-style questions on OCR GCSE Economics 3.3 Fair distribution of income, covering 3.3.1 Distribution of income and wealth, 3.3.2 Calculate income and wealth, and 3.3.3 Causes and consequences of income differences. Each one has a worked solution and a mark scheme showing where the marks go.