A-level Paper 2, June 2022The National and Global Economy

A-level Paper 2, June 2022, Q2(b)

With reference to the chart on the previous page, explain the likely impact of an increase in average house prices on UK consumption.

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Context

Annual percentage change in average UK house prices % 6 Aug-18Nov-18Feb-19 Aug-19Nov-19Feb-20 Aug-20Nov-20Feb-21 May-18 May-19 May-20 May-21 …

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Specification topics

Consumption (C)

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