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Villareal's nominal GDP increased from $127.5 billion to $159 billion last year. During the year, its economy experienced inflation, with its price index increasing
Villareal's nominal GDP increased from $127.5 billion to $159 billion last year. During the year, its economy experienced inflation, with its price index increasing from 102 to 106, while the number of persons employed increased from 15 million to 16 million By what percentage did its labour productivity increase during the year? Labour productivity increased by | %. Round your answer to 2 decimal places.
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