STATISTICS AND EXAMPLES

Question 1

WHAT IS THE CURRENT RATE OF INFLATION?

Answer 1

3.5%

Question 2

WHAT IS THE CURRENT ECONOMIC GROWTH?

Answer 2

0.7%

Question 3

WHAT IS THE CURRENT UNEMPLOYMENT RATE?

Answer 3

4.5%

Question 4

WHAT IS THE YOUTH UNEMPLOYMENT RATE?

Answer 4

14.2%

Question 5

WHAT IS THE UK’S BUDGET DEFICIT?

Answer 5

£70.3BN

Question 6

WHAT IS THE CURRENT UK CONSUMER CONFIDENCE INDEX?

Answer 6

-23

Question 7

WHAT IS THE CURRENT NATIONAL DEBT?

Answer 7

£2.7 TRN
96% OF GDP

Question 8

WHAT IS THE CURRENT RATE OF UNDEREMPLOYMENT?

Answer 8

7.3%

Question 9

WHAT IS THE CURRENT BASE INTEREST RATE?

Answer 9

4.25%

Question 10

WHAT IS THE UK’S CURRENT GDP?

Answer 10

£2.56 TRN

Question 11

WHAT IS THE UK’S CURRENT GDP PER CAPITA?

Answer 11

£37,044

Question 12

WHAT IS THE CURRENT BUSINESS CONFIDENCE INDEX?

Answer 12

-3

Question 13

WHAT IS THE UK’S HAPPINESS INDEX SCORE?

Answer 13

23RD OUT OF 147 COUNTRIES

Question 14

WHAT IS THE UK EXCHANGE RATE TO THE $ ?

Answer 14

1$ = £0.74

Question 15

WHAT IS THE UK’S EXCHANGE RATE TO THE EURO?

Answer 15

1 EURO = £0.84

Question 16

WHAT IS THE UK’S HOUSEHOLD SAVINGS RATIO?

Answer 16

12%

Question 17

WHAT IS AN EXAMPLE OF A WAY THAT THE GOVT MAY INVEST IN EDUCATION AND TRAINING?

Answer 17

SUBSIDING APPRENTERSHIP SCHEMES
OFFERING VOCATIONAL TRAINING PROGRAMMES E.G T -LEVELS

Question 18

WHAT IS A WAY IN WHICH THE GOVT MAY IMPLEMENT INFASTRUCTURE SPENDING?

Answer 18

BUILDING NEW ROADS OR RAILWAY NETWORKS E.G HS2.

Question 19

WHAT R THE DIFFERENT RATES OF INCOME TAX?

Answer 19

PERSONAL ALLOWANCE UP TO £12,570
BASE RATE = 20% UP TO £50,270
HIGHER RATE = 40% UP TO £125,140
ADDITIONAL RATE = 45%

Question 20

WHAT R THE DIFFERENT CORPORATION TAX RATES?

Answer 20

SMALL PROFITS RATE = 19%
MAIN RATE = 25%

Question 21

WHAT IS THE NATIONAL MINIMUM WAGE?

Answer 21

£12.21” FOR OVER 21s
£10 FOR 18-20 YR OLDS
£7.55 FOR UNDER 18S AND APPRENTICES