The table below shows the Unit Labour Cost (ULC) index for selected countries in 2018 and 2023, where 2015 is the base year (2015=1002015 = 1002015=100).
| Country | Unit Labour Cost Index (2018) | Unit Labour Cost Index (2023) |
|---|---|---|
| France | 105 | 126 |
| United Kingdom | 108 | 124.2 |
| Spain | 102 | 117.3 |
| United States | 110 | 121 |
Based on this data, what is the percentage increase in France's unit labour costs between 2018 and 2023?
16.7%16.7\%16.7%
20%20\%20%
21%21\%21%
26%26\%26%
17 exam-style questions on Edexcel A A Level Economics 4.1.9 International competitiveness. Each one has a worked solution and a mark scheme showing where the marks go.