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1.4 Production, costs and revenue

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Question 46

Which one of the following is most likely to be reduced by a sustained, long-term increase in national labour productivity?

The international competitiveness of domestic exports

The average unit cost of production for domestic firms

The real gross domestic product (GDP) of the nation

The average real wage of the domestic workforce

1.4 Production, costs and revenue Questions

  1. A Level
  2. /Economics
  3. /1.4 Production, costs and revenue