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%
103 exam-style questions on Edexcel A A Level Economics 4.1 International economics, covering 4.1.1 Globalisation, 4.1.2 Specialisation and trade, 4.1.3 Pattern of trade, 4.1.4 Terms of trade, 4.1.5 Trading blocs and the World Trade Organisation (WTO), 4.1.6 Restrictions on free trade, 4.1.7 Balance of payments, 4.1.8 Exchange rates, and 4.1.9 International competitiveness. Each one has a worked solution and a mark scheme showing where the marks go.