Economics 0455 · IGCSE · Living standards

Living standards — practice question

When low-income earners are compared with high-income earners, which statement is correct?

  • AHigh-income earners are likely to save a higher proportion of any additional income received.
  • BHigh-income earners spend proportionately more of their income.
  • CLow-income earners are likely to spend a lower proportion of any additional income received.
  • DLow-income earners save proportionately more of their income.

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