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Household income and expenditure: sources of income and spending decisions
Practice Questions

20 CIE IGCSE Economics questions on Household income and expenditure: sources of income and spending decisions, each with instant feedback and a full examiner-style mark scheme.

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Question 1 · 1 mark · Difficulty 1/3

Which of the following is an example of a transfer payment received by a household?

  1. Interest received on a savings account
  2. State unemployment benefit received by a jobless worker
  3. Wages earned from full-time employment
  4. Profit distributed to a sole trader from their business
Show answer & explanation
✓ Answer: B — State unemployment benefit received by a jobless worker
A transfer payment is income received without any corresponding provision of goods or services in return, such as unemployment benefit paid by the government. Wages (A) are earned income requiring labour to be supplied. Profit (C) is unearned income from business ownership. Interest (D) is unearned income from lending savings.
Question 2 · 1 mark · Difficulty 1/3

A household's disposable income is best defined as:

  1. Income saved after all household expenditure is paid
  2. Income spent on essential goods and services only
  3. Total income before any deductions are made
  4. Income remaining after direct taxes and state benefits are accounted for
Show answer & explanation
✓ Answer: D — Income remaining after direct taxes and state benefits are accounted for
Disposable income is income after direct taxes (such as income tax) have been deducted and any state transfer payments (such as benefits) have been added. Gross income (A) is income before deductions. Option C confuses disposable income with expenditure on necessities. Option D describes residual savings, not disposable income.
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CIE IGCSE Economics: Household income and expenditure: sources of income and spending decisions FAQ

How many CIE IGCSE Economics questions on Household income and expenditure: sources of income and spending decisions are there on Kramizo?
Kramizo currently has 20 exam-board-aligned practice questions on Household income and expenditure: sources of income and spending decisions for CIE IGCSE Economics, with new questions added every week. Each question gives you instant feedback and a full examiner-style mark scheme that tells you exactly what would earn marks on a real CIE paper. The questions span the full difficulty range — from straightforward recall (level 1) right up to multi-step reasoning and evaluation (level 3) — so the bank works for first-pass revision and final exam-week stress testing alike.
Is Kramizo free for CIE IGCSE students preparing for Economics?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix Household income and expenditure: sources of income and spending decisions practice with other Economics topics or even switch to a totally different CIE subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the Household income and expenditure: sources of income and spending decisions questions aligned to the official CIE IGCSE Economics syllabus?
Every question is written against the published CIE IGCSE Economics specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real CIE paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from CIE.
How is Household income and expenditure: sources of income and spending decisions typically tested on CIE IGCSE Economics papers?
Household income and expenditure: sources of income and spending decisions appears across multiple question types on real CIE IGCSE Economics papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.

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