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2.7 The labour market

2.7 The labour market

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Question 5

Net pay is

[1]
A

gross pay plus income tax

B

the amount received after deductions from gross pay

C

pay before National Insurance

D

the wage rate multiplied by labour demand

Markscheme

2.7 The labour market Questions

  1. GCSE
  2. /Economics
  3. /2.7 The labour market

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.

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