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%
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.