OCR GCE A LEVEL ECONOMICS PAPER 1 QUESTION PAPER 2023 (H460/01: Microeconomics)

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OCR GCE A LEVEL ECONOMICS PAPER 1 QUESTION PAPER 2023 (H460/01: Microeconomics). DOWNLOAD OFFICIAL AND VERIFIED OCR A LEVEL ECONOMICS PAPER 1 QUESTION PAPER 2023 ON www.leakedexams.com.

Wage differentials in the USA
Research shows the ratio of Chief Executive pay (â€˜remunerationâ€™) 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), 2010â€“2019
Year
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
0
50
100
150
200
250
300
350
400
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
companies also rose (see Fig. 2).
Fig. 2
Chief Executive remuneration and stock market performance (USA), 2010â€“2019
Year
Index
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
0
500
1000
1500
2000
2500
3000
0
5
10
15
20
25
30
$m
USA stock market index (LH axis)
Chief Executive remuneration, $m (RH axis)

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Author	OCR KING
Published	30 Jul 2024
Included files	PDF
H460 H460/01 OCR GCE A LEVEL ECONOMICS PAPER 1 QUESTION PAPER 2023 OCR A LEVEL ECONOMICS PAPER 1 OCR ECONOMICS PAPER 1 2023 ECONOMICS PAPER 1 OCR OCR ECONOMICS 2023 OCR A LEVEL ECONOMICS PAPER 1 2023 A LEVEL ECONOMICS 2023 OCR