Economics Question

Anonymous
timer Asked: Nov 8th, 2016

Question description

The textile industry in Indonesia has traditionally been one of the largest employers in the manufacturing sector. Increased production levels in this industry during the first three quarters this year led industry experts to believe that the industry's contribution to Indonesia's GDP would also increase. However, at the end of the year it was seen that the percentage of Indonesia's GDP that came from the textile industry actually declined.

Which of the following, if true, would best explain this outcome?

Textile prices in Indonesia increased substantially that year.

The textile industry's production during the fourth quarter was remarkably high.

Other major Indonesian industries reported greater increases in production value than those reported by the Indonesian textile industry.

The textile industry received more grants from the government this year than the previous year.

Workers from other manufacturing sectors shifted to the textile industry because it paid higher wages and offered better working conditions.

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