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1.6 The labour market (A-level only)

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Question 3

Using the data in Extract C (Figure 2), calculate how much a median early years educator earns for every pound earned by a median worker in the whole economy. Give your answer to the nearest penny.

Extract C (Figure 2): Hourly pay rates for early years educators and the whole economy, £ per hour

PercentileEarly years educatorWhole economy
10th£9.50£9.65
25th£9.50£11.10
50th£10.05£15.20
75th£11.15£22.40
90th£12.60£31.80
[2]
Markscheme

1.6 The labour market (A-level only) Questions

  1. A Level
  2. /Economics
  3. /1.6 The labour market (A-level only)

64 exam-style questions on AQA A Level Economics 1.6 The labour market (A-level only), covering 1.6.1 The demand for labour, marginal productivity theory, 1.6.2 Influences upon the supply of labour to different markets, 1.6.3 The determination of relative wage rates and levels of employment in perfectly competitive labour markets, 1.6.4 The determination of relative wage rates and levels of employment in imperfectly competitive labour markets, 1.6.5 The Influence of trade unions in determining wages and levels of employment, 1.6.6 The National Minimum Wage, and 1.6.7 Discrimination in the labour market. Each one has a worked solution and a mark scheme showing where the marks go.

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