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Economics (AS & A Level) · May / June 2026 · Paper 32 · Question 8

9708Labour market forces and government intervention

What is economic rent?

  1. AThe amount paid above the lowest wage that is needed to keep a worker in employment.
  2. BThe difference in pay between workers with comparable skills in different industries.
  3. CThe difference in pay between workers with different skills.
  4. DThe lowest wage that is needed to keep a worker in employment.

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Correct answer: A. The amount paid above the lowest wage that is needed to keep a worker in employment.

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