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1.1 Main economic groups and factors of production

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Question 13

Households in the UK buy kitchen appliances made by UK producers. The table shows their spending in two years.

YearHousehold spending on UK-made kitchen appliances
Year 1£8.0 billion
Year 2£6.0 billion

Using the data, explain how the change in household spending may affect UK appliance producers and government tax revenue.

[3]
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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