NEW
Font size
WorksheetsHouseholds in Economics
Total questions: 9
Worksheet time: 2mins
Hey there, Elijah! Let's talk about something super important in our economy. Can you guess what we mean by consumption?
Spending by households
Saving by households
Borrowing by households
Hey there, Abigail! Have you ever wondered how your pocket money affects your shopping spree? Let's dive into the fun world of disposable income and consumption!
Consumption increases as disposable income increases
Consumption decreases as disposable income increases
Consumption remains the same regardless of disposable income
Hey there, Jackson! Imagine you're planning a big shopping spree. What do you think happens to your shopping budget when interest rates go up?
Your shopping budget increases!
Your shopping budget decreases!
Your shopping budget stays the same!
Hey there, economics enthusiasts! Imagine Lily and Anika are discussing how consumer confidence affects spending habits. What do you think they concluded?
Higher confidence leads to higher consumption
Lower confidence leads to higher consumption
Confidence has no effect on consumption
Hey there, Aiden! Have you ever wondered how your pocket money affects your ability to save? Let's dive into it!
When you have more pocket money, you can stash away more for a rainy day!
Having less pocket money means you save more, right?
Your pocket money doesn't really change how much you save.
Hey there, savvy savers! If banks decide to boost the savings rate, what do you think happens? Let’s see how it affects our friend Jackson's piggy bank!
Incentivizes households to save more
Disincentivizes households from saving
Has no effect on saving behavior
Hey there, Luna! Imagine you're helping your friend Mason figure out why some low-income households struggle to get bank loans. What do you think is a common barrier they face?
Lack of security
High interest rates
Low disposable income
Imagine Isla just got a raise and her disposable income has increased! How do you think this will affect her household borrowing?
Household borrowing often increases
Household borrowing often decreases
Household borrowing remains unchanged
Hey Grace, have you ever wondered what happens to borrowing when the economy takes a little nap? Let's find out!
Confidence takes a dive, leading to less borrowing
Confidence gets a boost, resulting in more borrowing
Borrowing stays just as it is, no changes here!
