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1.4 Production, costs and revenue

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Question 26

The table below shows the index of labour productivity for a manufacturing firm over a five-year period.

YearIndex of labour productivity (2018 = 100)
2016108
2017104
2018100
2019101
2020109

The data show that over the period 2016 to 2020

total labor hours worked reached their highest level in 2016.

the volume of total production was lowest in 2018.

the amount produced per worker rose at the fastest rate between 2019 and 2020.

productivity fell fastest between 2016 and 2017.

1.4 Production, costs and revenue Questions

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