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1.2 How markets work

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Question 47

With reference to the data below, calculate the value of state subsidies as a percentage of total offshore wind operator revenue in Region West for 2023 and 2024. You are advised to show your working.

Bar chart comparing Total Revenue and State Subsidies for offshore wind operators in 2023 and 2024

YearTotal revenue from offshore wind (£ millions)State subsidies to offshore wind operators (£ millions)
2023840352.8
2024960364.8
[4]

1.2 How markets work Questions

  1. A Level
  2. /Economics
  3. /1.2 How markets work