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1.1 Main economic groups and factors of production

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Question 10

A firm produces locally made rain jackets for households. The table shows the firm's activity in one week before and one week after households began buying more rain jackets.

WeekRain jackets bought by householdsRain jackets produced by the firmGovernment tax revenue linked to the firm's activity
Before the increase2,4002,400£7,200
After the increase3,2003,200£9,600

Using the information in the table, explain how the three main economic groups are interdependent and suggest one likely effect on the government if household purchases fall to 1,600 rain jackets in the following week.

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1.1 Main economic groups and factors of production Questions

  1. GCSE
  2. /Economics
  3. /1.1 Main economic groups and factors of production

77 exam-style questions on OCR GCSE Economics 1.1 Main economic groups and factors of production, covering 1.1.1 Role of main economic groups and 1.1.2 Factors of production. Each one has a worked solution and a mark scheme showing where the marks go.

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