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1.1 Main economic groups and factors of production

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Question 23

A geothermal heat network uses naturally occurring heat below the ground, engineers, drilling equipment and an entrepreneur. The table shows the annual income earned by its factors of production.

Type of incomeAnnual income (£000)
Rent240
Wages840
Interest360
Profit160

Calculate the percentage of the total income shown that is earned by the factor of production which includes the naturally occurring heat.

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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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