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Economics · May / June 2018 · Paper 11 · Question 23

2281Firms and production

The table shows units of output, value of output and number of people employed in an industry over three years. What can be concluded from the table?

  1. AInflation has increased.
  2. BProductivity has increased.
  3. CProfit has increased.
  4. DWorking population has increased.

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Correct answer: B. Productivity has increased.

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