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2.1 The measurement of macroeconomic performance

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Question 10

Table 1 shows the labor productivity index (measured as output per hour worked) for Sector X (Manufacturing) and Sector Y (Services) in a country between 2018 and 2021.

Table 1: Labour productivity index (2018 = 100)

YearSector X (Manufacturing)Sector Y (Services)
2018100100
2019104106
2020102105
2021108111

From Table 1, it can be concluded that labour productivity:

was higher in absolute terms in Sector Y than in Sector X from 2019 to 2021.

grew at the same percentage rate in both sectors between 2020 and 2021.

grew at a faster percentage rate in Sector X than in Sector Y between 2020 and 2021.

increased in every year of the period for both sectors.

2.1 The measurement of macroeconomic performance Questions

  1. A Level
  2. /Economics
  3. /2.1 The measurement of macroeconomic performance