Households
3.2What the syllabus asks of you
- Influences on households’ spending, saving and borrowing: income
- Influences on households’ spending, saving and borrowing: rate of interest
- Influences on households’ spending, saving and borrowing: confidence
- Influences on households’ spending, saving and borrowing: age
- Influences on households’ spending, saving and borrowing: culture
Read the notes first
Chapter 3: Households
Drill this topic
Every question on Households, untimed, marked as you go.
Make a worksheet
Choose the years and how many questions, then print it with the answers on separate pages.
37 questions
1May / June 2026 · Paper 12 · Q11Show mark scheme →
A$12 000
B$8000
C$1200
D$1000
Mark scheme
2Oct / Nov 2025 · Paper 12 · Q11Show mark scheme →
A
B
C
D
Mark scheme
3Oct / Nov 2025 · Paper 12 · Q20Show mark scheme →
Aa fall in inflation
Ba fall in investment
Ca rise in consumer spending
Da rise in saving
Mark scheme
4May / June 2025 · Paper 11 · Q11Show mark scheme →
Asaving: decrease; borrowing: decrease
Bsaving: decrease; borrowing: increase
Csaving: increase; borrowing: decrease
Dsaving: increase; borrowing: increase
Mark scheme
5Oct / Nov 2024 · Paper 13 · Q11Show mark scheme →
Ahigh inflation rate, high interest rate, high unemployment rate
Bhigh inflation rate, high interest rate, low unemployment rate
Clow inflation rate, high interest rate, low unemployment rate
Dlow inflation rate, low interest rate, low unemployment rate
Mark scheme
6May / June 2024 · Paper 12 · Q11Show mark scheme →
Aa reduction in disposable income
Ba reduction in the rate of sales tax
Clower interest rates
Dlower savings
Mark scheme
7May / June 2023 · Paper 11 · Q12Show mark scheme →
Aamount saved decreased; cost of borrowing decreased
Bamount saved decreased; cost of borrowing increased
Camount saved increased; cost of borrowing decreased
Damount saved increased; cost of borrowing increased
Mark scheme
8May / June 2023 · Paper 11 · Q19Show mark scheme →
Aa rise in the exchange rate
Ba rise in the goods and services tax rate
Ca rise in the income tax rate
Da rise in the interest rate
Mark scheme
9Oct / Nov 2022 · Paper 12 · Q11Show mark scheme →
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.
Mark scheme
10Oct / Nov 2022 · Paper 13 · Q11Show mark scheme →
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.
Mark scheme
11May / June 2022 · Paper 11 · Q22Show mark scheme →
AY → X → Z
BY → Z → X
CZ → X → Y
DZ → Y → X
Mark scheme
12May / June 2022 · Paper 12 · Q14Show mark scheme →
AY → X → Z
BY → Z → X
CZ → X → Y
DZ → Y → X
Mark scheme
13May / June 2021 · Paper 12 · Q9Show mark scheme →
Aan increase in the rate of interest
Ban increase in wealth
Cexpectation that prices will fall in the future
Dinflation rising at a faster rate than wages
Mark scheme
14Oct / Nov 2020 · Paper 12 · Q10Show mark scheme →
A$3000
B$3600
C$3900
D$4200
Mark scheme
15Oct / Nov 2020 · Paper 13 · Q10Show mark scheme →
A$3000
B$3600
C$3900
D$4200
Mark scheme
16May / June 2020 · Paper 11 · Q9Show mark scheme →
Abecoming pensioners; higher rate of inflation
Bgreater wealth; lower consumer confidence
Chigher consumer confidence; lower rate of interest
Dhigher rate of interest; greater availability of credit
Mark scheme
17May / June 2020 · Paper 11 · Q11Show mark scheme →
Afood: decrease; leisure: decrease
Bfood: decrease; leisure: increase
Cfood: increase; leisure: decrease
Dfood: increase; leisure: increase
Mark scheme
18May / June 2020 · Paper 12 · Q9Show mark scheme →
Aa decision to plan for retirement
Ba fall in income
Ca fall in interest rates
Da reduction in tax-free saving schemes
Mark scheme
19May / June 2020 · Paper 12 · Q11Show mark scheme →
Afood: decrease; leisure: decrease
Bfood: decrease; leisure: increase
Cfood: increase; leisure: decrease
Dfood: increase; leisure: increase
Mark scheme
20Oct / Nov 2019 · Paper 12 · Q10Show mark scheme →
AX → Y → Z
BY → Z → X
CZ → X → Y
DZ → Y → X
Mark scheme
21Oct / Nov 2019 · Paper 13 · Q10Show mark scheme →
AX → Y → Z
BY → Z → X
CZ → X → Y
DZ → Y → X
Mark scheme
22May / June 2019 · Paper 11 · Q10Show mark scheme →
Athe income of the family
Bthe level of taxation
Cthe rate of inflation
Dthe reliability of banks
Mark scheme
23May / June 2019 · Paper 12 · Q10Show mark scheme →
Athe income of the family
Bthe level of taxation
Cthe rate of inflation
Dthe reliability of banks
Mark scheme
24Oct / Nov 2018 · Paper 12 · Q9Show mark scheme →
Aa fall in investment
Ba fall in real wages
Ca rise in income taxes
Da rise in interest rates
Mark scheme
25Oct / Nov 2018 · Paper 13 · Q11Show mark scheme →
Aanticipating a fall in the rate of inflation
Bexpecting interest rates to fall
Cmaking it easier to obtain a loan
Dneeding to plan for unexpected emergencies
Mark scheme
26May / June 2018 · Paper 11 · Q11Show mark scheme →
AOver the age range shown total savings equalled total dissavings.
BThe 15–29 age group has the lowest level of income.
CThe 50–64 age group saves the highest percentage of its income.
DThe 65+ age group has a lower income than the 30–39 age group.
Mark scheme
27May / June 2018 · Paper 12 · Q11Show mark scheme →
A$3200
B$4000
C$4400
D$5500
Mark scheme
28Oct / Nov 2017 · Paper 12 · Q8Show mark scheme →
Aan increase in the general level of income
Ban increase in the number of cheap offers in shops
Ca redistribution of income from poor to rich households
Da rise in the rate of interest
Mark scheme
29May / June 2017 · Paper 11 · Q8Show mark scheme →
Aconsumer spending increases
Bfirms buy fewer machines
Cpeople hold more cash
Dsavers earn lower rewards
Mark scheme
30Oct / Nov 2016 · Paper 12 · Q9Show mark scheme →
Adividends from shares / wages
Brent from a house / overtime payments
Covertime payments / wages
Dwages / house
Mark scheme
31Oct / Nov 2016 · Paper 12 · Q10Show mark scheme →
ANazmin spends a smaller proportion of her income than Meer.
BNazmin saves most of her income.
CNazmin would find it easier than Meer to borrow money.
DNazmin has a lower disposable income than Meer.
Mark scheme
32Oct / Nov 2016 · Paper 12 · Q11Show mark scheme →
A$4000
B$4600
C$4900
D$5200
Mark scheme
33Oct / Nov 2016 · Paper 13 · Q9Show mark scheme →
Aincome after allowing for price changes
Bincome after paying regular household bills
Cincome less tax and government deductions
Dincome plus overtime payments
Mark scheme
34Oct / Nov 2016 · Paper 13 · Q10Show mark scheme →
ANazmin spends a smaller proportion of her income than Meer.
BNazmin saves most of her income.
CNazmin would find it easier than Meer to borrow money.
DNazmin has a lower disposable income than Meer.
Mark scheme
35Oct / Nov 2016 · Paper 13 · Q11Show mark scheme →
A$2600
B$2900
C$3200
D$3500
Mark scheme
36May / June 2016 · Paper 11 · Q11Show mark scheme →
AX → Y → Z
BY → X → Z
CY → Z → X
DZ → X → Y
Mark scheme
37May / June 2016 · Paper 12 · Q11Show mark scheme →
AX → Y → Z
BY → X → Z
CY → Z → X
DZ → X → Y
Mark scheme