Microeconomic Decision Makers · 1 question type
Past paper frequency (2018 to 2024)
This topic accounts for approximately 4% of your exam marks.
New emphasis in the 2027 syllabus; influences on households' spending, saving and borrowing, including age and culture, are examined directly. Guidance based on specimen materials.
A household's stage of life shapes its pattern of spending, saving and borrowing.
So a country with an ageing population may see overall saving fall, because more people are using their savings rather than adding to them.