Flashcards
Unit 4 Edexcel Economics Data on the UK
Flashcards do conjunto (17)
- 1Unit 4 Edexcel Economics Data on the UKThis includes a variety of economics data which is handy for the unit 4 exam
- 2What is the UK National minimum wage?£6.50
- 3What is the rate of corporation tax in the UK?23%
- 4GDP growth forecast for 20142.88%
- 5Budget Balance (as a percentage of GDP)-6.1% meaning there is a budget deficit.
- 6National debt76%
- 7Current account balance-4.4% meaning there is a current account defcit.
- 8Rate of interest?0.5%
- 9Inflation rate and inflation target?1.6% is the actual inflation rate at the moment and the UK's target is to have 2% inflation plus or minus 1% either way, so 3% or 1% inflation is still within the target.
- 10Unemployment rate?6.8%
- 11VAT20%
- 12Labour productivity (GDP per worker, % change upon previous year)-0.75%
- 13Income tax maximum rate?45%
- 14Investment14.2%
- 15PISA index? This is a measure of the quality of education in a country.Rated 26th
- 16Global competitiveness rank?10th as of the end of 2013
- 17Estimated output gap as % of GDP?Roughly 1.9%
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- FlashCards sobre Unit 4 Edexcel Economics Data on the UK, criado por maxemerson2014 em 05-06-2014.
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