AS Paper 2, June 2019The UK Economy – Performance and Policies
AS Paper 2, June 2019, Q5(a)
Which one of the following is the most likely impact of an increase in average UK house prices on existing homeowners?
Multiple choice1 mark
Context
The table below shows average UK house prices between July 2014 and July 2017. Year Average house prices Index numbers of (£) average UK house prices (2014 is the base year)
AGreater confidence
BHigher income
CLower consumption
DNegative wealth effect