Economics class: UK price rises outpace wage growth despite labour shortages
We’ll send you a myFT Daily Digest email rounding up the latest FT Schools news every morning.
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Economic growth, economic development, inflation, wages, real wages, unemployment
Click to read the article below and then answer the questions:
What is meant by inflation?
What is meant by real wages?
What is meant by wage growth? Is it increasing at the same rate as prices? Explain your answer
Evaluate the impact of rising prices on real wages
Evaluate the impact of rising prices on standards of living and economic choices
Noaf Al-Diraa, Alperton Community School