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1.1 Main economic groups and factors of production

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Question 14

A local authority owns an arts centre. It decided to expand the number of performances and bought new lighting equipment from private firms.

Annual measureBefore expansionAfter expansion
Performances staged120150
Tickets purchased by households36,00048,000
Lighting equipment purchased from private firms£80,000£140,000

Using the data, explain how the expansion demonstrates interdependence between government, producers and consumers.

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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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