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Trends in macroeconomic indicators

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Question 1

Extract 2 – Sectoral Productivity and Competitive Advantage

As part of the government's policy to boost national output and monitor trends in macroeconomic indicators, sectoral labour productivity has become a primary focus. Improving productivity is key to non-inflationary wage growth. However, growth has been highly unbalanced across sectors, as shown in the Labour Productivity Index data.

Fig. 2.1: Output per hour worked Index 2010–2024 (base year = 2010)

  • Tech & Information Sector: 2010 = 100, 2017 = 145, 2024 = 235
  • Manufacturing Sector: 2010 = 100, 2017 = 115, 2024 = 138

Using the data in Fig. 2.1, calculate the difference in the percentage rate of growth in labour productivity between the Tech & Information sector and the Manufacturing sector between 2017 and 2024. Give your answer to two decimal places.

[2]

Trends in macroeconomic indicators Questions

  1. A Level
  2. /Economics
  3. /Trends in macroeconomic indicators