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Cambridge IGCSE Economics practice

What is likely to happen to household spending when consumer confidence is high?

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MCQ

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cambridge_mcq

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Topic

Households

Exam-style question

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What is likely to happen to household spending when consumer confidence is high?.

  1. A.Increase
  2. B.Decrease
  3. C.Remain the same
  4. D.Become unpredictable

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Paper 2 structured question: Households

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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.

  1. a

    State one factor that affects household spending decisions.

    Aim for approximately 1 distinct marking point.

    [1]