Labour resources and competitiveness
Answers are for parents and teachers.
1
The nominal wage is 3 600 000 so‘m and the price level rose 1.2 times. What is the real wage in so‘m?
3000000
2
6 workers made 1 800 units in 10 days. How many units per person-day?
30
3
Total market sales are 600 million so‘m and the business’s are 90 million so‘m. What is the market share in per cent?
15
4
The price was 80 000 so‘m and was lowered by 5 %. What is the new price in so‘m?
76000
5
Write three fair ways to raise the competitiveness of your imaginary small business.
Example: improving quality and service; training staff; studying customers’ opinions and improving the product.