2.3 Aggregate supply (AS)

Question 5

Figure 4: Manufacturing labour productivity index in Country Y, actual vs pre-2016 trend (2016 = 100)

Year	Productivity if pre-2016 trend had continued (Index)	Actual manufacturing labour productivity (Index)
2016	100	100
2018	105	102
2020	111	101
2022	117	103
2024	123	104
2026	130	105

Apart from low capital investment in new manufacturing technologies, examine one reason for the trend in Country Y's manufacturing labour productivity over the period shown in Figure 4.

[8]

2.3 Aggregate supply (AS)

1 2 3 4 5 6 7 8 9

Question 5

Figure 4: Manufacturing labour productivity index in Country Y, actual vs pre-2016 trend (2016 = 100)

Year	Productivity if pre-2016 trend had continued (Index)	Actual manufacturing labour productivity (Index)
2016	100	100
2018	105	102
2020	111	101
2022	117	103
2024	123	104
2026	130	105

Apart from low capital investment in new manufacturing technologies, examine one reason for the trend in Country Y's manufacturing labour productivity over the period shown in Figure 4.

[8]

2.3 Aggregate supply (AS)

Question 5

Figure 4: Manufacturing labour productivity index in Country Y, actual vs pre-2016 trend (2016 = 100)

2.3 Aggregate supply (AS) Questions

2.3 Aggregate supply (AS)

Question 5

Figure 4: Manufacturing labour productivity index in Country Y, actual vs pre-2016 trend (2016 = 100)

2.3 Aggregate supply (AS) Questions