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1.1 Main economic groups and factors of production

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Question 11

Westmoor Cinema Ltd provides film screenings. The table shows information for two months. The tax revenue shown is VAT received by the government from ticket sales.

MonthCustomer spending on tickets before VAT (£ per month)Screenings supplied per monthVAT received by the government (£ per month)
April420,00078084,000
May315,00063063,000
a.

Use the data to explain how Westmoor Cinema Ltd and its customers depend on each other.

[2]
b.

Explain how the fall in customer spending could affect the government and then affect Westmoor Cinema Ltd or its customers.

[2]
Markscheme

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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