Application Flashcards
(28 cards)
1
Q
Annual UK growth
A
+0.1% (shows stagnation)
2
Q
quarterly growth
A
-0.3%
3
Q
output gap
A
-0.1%
4
Q
GDP per capita
A
£36000
5
Q
total GDP UK
A
£2.53tn
6
Q
Unemp 2023
A
4.2% (rising)
7
Q
employment
A
74.5%
8
Q
econ inactivity rate
A
22.2%
9
Q
wage growth
A
5.6%
10
Q
natural rate of unemp in UK
A
3.5%
11
Q
inflation (CPI)
A
3.2% (with disinflationary pressure)
12
Q
core inflation rate
A
4.2%
13
Q
CA deficit
A
3.2% of GDP in 2023
14
Q
`productivity and investmenr
A
very poor atm
15
Q
min wage
A
£11.44
16
Q
exchage rate
A
weak £, £1 = $1.24 compared to $1.40 in 2021
17
Q
budget deficit
A
4.2%
18
Q
national debt
A
98% of GDP
19
Q
bond yields
A
4.2%
20
Q
income tax bands
A
0% up to £12,570, 20%, 40%, 45% (Frozen to 2029)
21
Q
national insurance
A
12% to 10% to 8%
22
Q
corp tax
A
25%
23
Q
gini coefficient (post-tax and transfers)
A
0.357 (10th)
24
Q
BoE base rate
A
5.25%
25
bank willingness to lend
high
26
consumer and business confidence
low but +ve signs
27
savings ratio
10.5%
28
value of QE
£895bn
