The table below shows the average hourly labour costs and labour productivity (measured as real output per hour worked) for a manufacturing sector in 2018 and 2023.
| Year | Average Hourly Labour Cost (€) | Labour Productivity (units per hour) |
|---|---|---|
| 2018 | 35.00 | 50.0 |
| 2023 | 45.50 | 52.0 |
Based on the data in the table, what is the exact percentage increase in the sector's unit labour costs between 2018 and 2023?
4%4\%4%
25%25\%25%
26%26\%26%
30%30\%30%
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.