Question 24
Question 24 of 30
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No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
5. Economic development
5.1. Living standards

Reasons for differences in living standards and income distribution within and between countries.

3. Microeconomic decision...
3.2. Households

The influences on spending, saving and borrowing including income, the rate of interest and confidence – between different households and over time.