Using the data in Extract E, calculate the percentage of the world’s top 25 exporting economies that have costs of production above those of the United Kingdom in 2014 - Edexcel - A-Level Business - Question 2 - 2018 - Paper 1

From Extract E, we find that 12 out of the 25 economies have an average manufacturing cost index above that of the United Kingdom.

To find the percentage, use the formula: $ext{Percentage} = \left( \frac{\text{Number of countries above UK}}{\text{Total number of countries}} \right) \times 100$ Substituting the values, we get: $\left( \frac{12}{25} \right) \times 100 = 48\%$ Thus, the final answer is 48%.