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Trends in macroeconomic indicators

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Question 34

Is the Irish labor market keeping pace with inflation?

Table 1: Republic of Ireland average hourly earnings index and Harmonised Index of Consumer Prices (HICP)

DateAverage Hourly Earnings IndexHarmonised Index of Consumer Prices (HICP)
Q1 2021100100
Q3 2021108103
Q1 2022114106
Q3 2022120110
Q1 2023126115
Q3 2023131120
Q1 2024135122
Q3 2024138124

Using the data in Table 1, calculate the percentage change in the average hourly earnings index between Q3 2022 and Q3 2024.

[2]
Markscheme

Trends in macroeconomic indicators Questions

  1. A Level
  2. /Economics
  3. /Trends in macroeconomic indicators

43 exam-style questions on OCR A Level Economics Trends in macroeconomic indicators. Each one has a worked solution and a mark scheme showing where the marks go.

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