Question 10
Extract 1: CareConnect recruitment CareConnect provides home-care services. Demand for carers is rising, but applicants need training. The firm proposes a higher wage and a funded qualification.
| Weekly pay item | Amount |
|---|---|
| Basic pay | £620 |
| Overtime pay | £95 |
| Income tax | £78 |
| National Insurance | £42 |
| Pension contribution | £25 |
a.[2]
Using Extract 1, calculate the worker's gross weekly pay.
b.[2]
Using Extract 1, calculate the worker's net weekly pay.
c.[6]
Analyse how the funded qualification may affect the labour market for carers.
d.i.[2]
State two factors that can affect demand for labour.
d.ii.[2]
Explain one reason why the supply of carers may be inelastic in the short run.
d.iii.[6]
Evaluate whether CareConnect should raise wages as well as funding training.
2.7 The labour market Questions
34 exam-style questions on OCR GCSE Economics 2.7 The labour market, covering 2.7.1 Role and operation of the labour market, 2.7.2 Determination of wages, 2.7.3 Explain gross and net pay, and 2.7.4 Calculate gross and net pay. Each one has a worked solution and a mark scheme showing where the marks go.