Economics · Oct / Nov 2022 · Paper 13 · Question 11
2281Households
Which statement about different income groups is correct?
- AHigh-income groups do not need to borrow money.
- BHigh-income groups save less money than low-income groups.
- CLow-income groups find it easier to borrow than high-income groups.
- DLow-income groups save a smaller percentage of their income than high-income groups.
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Correct answer: D. Low-income groups save a smaller percentage of their income than high-income groups.
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