Aqa
OCR
Oxford Cambridge and RSA
Thursday 18 May 2023 – Morning
A Level Economics
H460/01 Microeconomics
Time allowed: 2 hours
You can use:
a scientific or graphical calculator
Please write clearly in black ink. Do not write in the barcodes.
Centre number Candidate number
First name(s)
Last name
INSTRUCTIONS
• Use black ink. You can use an HB pencil, but only for graphs and diagrams.
• Write your answer to each question in the space provided. If you need extra
space use the lined pages at the end of this booklet. The question numbers
must be clearly shown.
• Answer all the questions in Section A, one question in Section B and one
question in Section C.
INFORMATION
• The total mark for this paper is 80.
• The marks for each question are shown in brackets [ ].
• Quality of extended response will be assessed in questions marked with an
asterisk (*).
• This document has 20 pages.
ADVICE
• Read each question carefully before you start your answer.
[601/4799/4] DC
© OCR 2023 (KN/SG) 313609/5 OCR is an
,exempt Charity Turn over
, SECTION A
Read the stimulus material and answer all the parts of Question 1.
Wage differentials in the USA
Research shows the ratio of Chief Executive pay (‘remuneration’) to employee
remuneration in the USA has increased significantly since 2010 (see Fig. 1). In 2019,
Chief Executives at the largest 350 firms in the USA earned 320 times more than a
typical employee.
Fig. 1
Chief Executive-to-employee remuneration ratio (USA), 2010 –
2019 400
350
300
250
200
150
100
50
0
2010 2011 2012 201 2015 2016 2018 2019
2013
4 2017
Year
Source: Economic Policy Institute
Chief Executives earned an average of $21 million in 2019, a 14% increase since 2018. In
that year, the US stock market price index, which shows changes in the share prices of US
5
companies also rose (see Fig. 2).
Fig. 2
Chief Executive remuneration and stock market performance (USA), 2010 – 2019
Index $m
3000 30
2500 25
2000 20
1500 15
1000 10
500 5
0 0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Year
, USA stock market index (LH axis)
Chief Executive remuneration, $m (RH axis)
Source: Economic Policy Institute
OCR
Oxford Cambridge and RSA
Thursday 18 May 2023 – Morning
A Level Economics
H460/01 Microeconomics
Time allowed: 2 hours
You can use:
a scientific or graphical calculator
Please write clearly in black ink. Do not write in the barcodes.
Centre number Candidate number
First name(s)
Last name
INSTRUCTIONS
• Use black ink. You can use an HB pencil, but only for graphs and diagrams.
• Write your answer to each question in the space provided. If you need extra
space use the lined pages at the end of this booklet. The question numbers
must be clearly shown.
• Answer all the questions in Section A, one question in Section B and one
question in Section C.
INFORMATION
• The total mark for this paper is 80.
• The marks for each question are shown in brackets [ ].
• Quality of extended response will be assessed in questions marked with an
asterisk (*).
• This document has 20 pages.
ADVICE
• Read each question carefully before you start your answer.
[601/4799/4] DC
© OCR 2023 (KN/SG) 313609/5 OCR is an
,exempt Charity Turn over
, SECTION A
Read the stimulus material and answer all the parts of Question 1.
Wage differentials in the USA
Research shows the ratio of Chief Executive pay (‘remuneration’) to employee
remuneration in the USA has increased significantly since 2010 (see Fig. 1). In 2019,
Chief Executives at the largest 350 firms in the USA earned 320 times more than a
typical employee.
Fig. 1
Chief Executive-to-employee remuneration ratio (USA), 2010 –
2019 400
350
300
250
200
150
100
50
0
2010 2011 2012 201 2015 2016 2018 2019
2013
4 2017
Year
Source: Economic Policy Institute
Chief Executives earned an average of $21 million in 2019, a 14% increase since 2018. In
that year, the US stock market price index, which shows changes in the share prices of US
5
companies also rose (see Fig. 2).
Fig. 2
Chief Executive remuneration and stock market performance (USA), 2010 – 2019
Index $m
3000 30
2500 25
2000 20
1500 15
1000 10
500 5
0 0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Year
, USA stock market index (LH axis)
Chief Executive remuneration, $m (RH axis)
Source: Economic Policy Institute
