Paper 2 structured question: Households
Paper 2Structured Questions1 marks
Description
Factors Affecting Household Financial Decisions
Households make decisions on spending, saving, and borrowing based on income, interest rates, and consumer confidence. These factors can vary significantly among different households and can change over time due to economic conditions.
- a[1]
State one factor that affects household spending decisions.
Aim for approximately 1 distinct marking point.
