Economics 0455 · IGCSE · Inflation and deflation

Inflation and deflation — practice question

A worker receives $250 per week, and this gives a disposable income of $175. What factor will affect the real value of the worker’s $250 earned income?

  • Aa change in government spending
  • Ba change in interest rates
  • Ca change in the price level
  • Da change in the tax rate

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI