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1.5 Competitive and concentrated markets

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Question 6

A receptionist worked some overtime this week. The receptionist's payroll record for the week is shown in Table 1.

EntryAmount
Basic pay for normal hours£440
Gross pay£512
Deductions£68
Bank transfer£444

Which entry in Table 1 is the receptionist's net pay?

[1]
A

£68, shown as deductions

B

£512, shown as gross pay

C

£444, shown as the bank transfer

D

£440, shown as basic pay for normal hours

Markscheme

1.5 Competitive and concentrated markets Questions

  1. GCSE
  2. /Economics
  3. /1.5 Competitive and concentrated markets

149 exam-style questions on AQA GCSE Economics 1.5 Competitive and concentrated markets, covering 1.5.1a The range of market structures, 1.5.1b Distinguishing between market structures, 1.5.2a Characteristics of a competitive market, 1.5.2b How producers operate in competitive markets, 1.5.2c The economic impact of competition, 1.5.3a Characteristics of a non-competitive market, 1.5.3b How producers operate in non-competitive markets, 1.5.3c Monopoly and oligopoly, 1.5.4a The labour market and wage determination, and 1.5.4b Gross and net pay. Each one has a worked solution and a mark scheme showing where the marks go.

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