Cambridge OCR GCSE (9-1) · Economics - J205

The labour market: Practice Questions

5 multiple-choice questions marked as you go, and 1 written questions with worked solutions. All on The labour market.

6 questions9 marksFree, no account

Question 1

1 mark

Which of the following is most likely to result in a shift to the right of the demand for labour in the software engineering industry?

Question 2

1 mark

A worker has a gross pay of \(£2,400\) per month. Their deductions are as follows:
- Income Tax: \(£350\)
- National Insurance: \(£180\)
- Pension Contribution: \(£70\)

What is the worker's net pay?

Question 3

1 mark

Consider a labour market for fruit pickers. If the productivity of fruit pickers increases due to better training, while simultaneously the price of fruit falls in the global market, what is the certain effect on the demand for labour?

Question 4

1 mark

Which of the following would lead to a movement along the supply curve for labour in the construction industry rather than a shift of the curve?

Question 5

1 mark

In a specific labour market, the equilibrium wage is currently \(£12\) per hour. If the government introduces a national minimum wage of \(£15\) per hour, what is the most likely economic outcome in a competitive market?

Question 6

4 marks

An employee earns a gross monthly pay of \(£3,200\).
a) Calculate the net monthly pay if the following deductions are made:
- Income Tax at \(20\%\) of gross pay
- National Insurance at \(10\%\) of gross pay
b) Briefly explain why a worker's net pay is always lower than their gross pay.

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