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An analysis of minimum wage data from eurostat, focusing on countries with significant changes and extremes. The text highlights the highest and lowest minimum wages, as well as notable increases and decreases in countries like ireland, luxembourg, and turkey.
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Inglés Empresarial Model answer – Graph description
In the graph description exercise, you will be given data and information about a topic related to accounting and/or economics. You must elaborate a brief text ( words approx) describing the information you have in front of you. All the numbers
ninety-eight). If you are given a very long set of statistics (as it is the case in the example below), focus on some of the sections in the prompt (it would be impossible for you to address ALL the information contained in that table). In some cases, with shorter prompts, you’ll have to describe most of the information you’ve been presented with. See the example below:
Monthly minimum wages - bi-annual data (report by Eurostat)
This is a very long and well-detailed table describing the minimum wage of a large number of countries. The source of the data is Eurostat and the currency used is the euro.
It’s worth highlighting that in some countries there have been very minor changes/shifts such as Montenegro, Luxembourg or the Netherlands. The country with the highest minimum wage is Luxembourg, with one thousand four hundred and ninety-eight point forty-seven euros. The country with the second highest minimum wage is Ireland. The minimum wage is Ireland is one thousand six hundred and thirteen point ninety-five euros. If we focus on Ireland, we can see there has been a significant increase over the years. The minimum wage was sensibly lower just four years ago: one thousand four hundred and sixty-one point eighty-five. The table also shows us how there are some countries with no minimum wage laws such as Cyprus, Italy, Finland or Sweden.
This contrasts with the countries with the lowest minimum wage: Bulgaria, Serbia, Albania or Romania. Albania is the country with the lowest minimum wage in the world: two hundred and eighty-four point forty-one euros.
As to/With regard to/Regarding the country with the biggest/most dramatic hikes and drops , we find a number of countries: Romania, Slovakia or Turkey. Let’s pay attention to the case of Turkey. In 2014, the minimum wage stood at three hundred and sixty-one point seventy-six, but nowadays it stands at four hundred and forty-six point forty.