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3.5 Labour market

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Question 1

The table below shows the Index of Hourly Earnings in the unionised and non-unionised sectors from 2019 to 2023.

YearNon-Unionised Sector IndexUnionised Sector Index
2019100100
2020103104
2021108106
2022115112
2023126120

Which one of the following is the ratio of unionised sector pay relative to non-unionised sector pay in 2023?

1:0.951 : 0.951:0.95

1:1.051 : 1.051:1.05

1:6.01 : 6.01:6.0

1:16.01 : 16.01:16.0

3.5 Labour market Questions

  1. A Level
  2. /Economics
  3. /3.5 Labour market