Day: July 24, 2021

Which statement is NOT a positive economic statement?

Select ONE answer:

1. An increase in the rate of income tax decreases the wish to save.
2. An increase in the rate of income tax has a greater impact the greater the level of income.
3. An increase in the rate of income tax causes more hours of work to be supplied.
4. An increase in the rate of income tax is the fairest way to finance the national health service.

Show your workings to arrive at your answer, and explain and justify your reasons:

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This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 4

1. Not correct
2. Not correct
3. Not correct
4. Correct

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