Over one funding period, the government paid employers a total of £348,000 to support apprenticeship training. Each of the 480 apprentices who began funded training attracted the same payment.
What subsidy was paid for each apprentice?
£72.50
£347,520
£725
£348,480
83 exam-style questions on AQA GCSE Economics 1.6 Market failure, covering 1.6.1a Market failure as misallocation of resources, 1.6.1b Government intervention, 1.6.2a Defining externalities, and 1.6.2b Positive and negative externalities. Each one has a worked solution and a mark scheme showing where the marks go.