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Description
Flashcards by maxemerson2014, updated more than 1 year ago
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Created by maxemerson2014
almost 10 years ago
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| Question | Answer |
| Unit 4 Edexcel Economics Data on Germany's Economy | Some necessary unit 4 application data as part of your knowledge of the world economy. All data is accurate (as far as I'm aware) as of posting time (June 4th 2014) |
| National minimum wage | £7 |
| Corporation tax | 30% |
| GDP growth forecast for 2014 | 1.8% |
| Budget Balance (% of GDP) | 0% |
| National Debt | 78% |
| Current Account balance | +7.9% which is caused by their specialisation in manufactured goods which are often exported. |
| Interest rates | 0.25% (Eurozone rate) |
| Inflation rate and inflation target | 1.3% and the target is just for inflation to below 2% |
| Unemployment | 5.2% |
| VAT | 19% |
| Labour productivity (GDP per worker, % change on previous year) | -.025% |
| Income tax maximum rate | 45% |
| Investment | 17.6% |
| Global competitiveness rank | 4th |
| Estimated output gap | -0.148% |
| PISA Index | 16th |
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