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Economics · May / June 2018 · Paper 11 · Question 11

2281Households

The table shows the percentage (%) of income saved by different age groups. | age (years) | 15–29 | 30–39 | 40–49 | 50–64 | 65+ | |---|---|---|---|---|---| | % of income saved | –30 | –5 | +15 | +30 | –10 | What can be concluded from the table?

  1. AOver the age range shown total savings equalled total dissavings.
  2. BThe 15–29 age group has the lowest level of income.
  3. CThe 50–64 age group saves the highest percentage of its income.
  4. DThe 65+ age group has a lower income than the 30–39 age group.

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Correct answer: C. The 50–64 age group saves the highest percentage of its income.

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