Case Study Info

Question 1

Uk Unemployment

Answer 1

3.8%

Question 2

Uk Interest Rates

Answer 2

4.5%

Question 3

Nigeria Unemployment

Answer 3

33%

Question 4

Nigeria Interest Rates

Answer 4

18%

Question 5

amount of UK QE

Answer 5

£900 bn

Question 6

UK inflation rate (CPI)

Answer 6

10.1% in march

Question 7

Nigeria inflation rate (CPI)

Answer 7

22%

Question 8

what is Nigerias primary product dependency

Answer 8

oil - 90%

Question 9

what trade bloc is the UK in

Answer 9

CPTPP
the trans-pacific partnership

Question 10

what trade bloc is Nigeria a part of

Answer 10

AfCFTA
African continental free trade agreement

Question 11

rate of economic growth in China

Answer 11

2.9%

Question 12

China current account

Answer 12

3.2% surplus

Question 13

Nigeria HDI ranking

Answer 13

164th

Question 14

UK corporation tax

Answer 14

25%

Question 15

how much is Nigeria going to spend on infrastructure

Answer 15

$17.4bn

Question 16

how much is the UK going to spend on education

Answer 16

£117 bn

Question 17

what’s the literacy rate in Nigeria

Answer 17

70%

Question 18

what’s an example of a deflationary spiral

Answer 18

Japan 1990-2000

Question 19

what income threshold is absolute poverty

Answer 19

$1.90 a day

Question 20

UK current account

Answer 20

3.3% deficit

Question 21

what is the literacy rate in the UK

Answer 21

99%

Question 22

what is Nigeria’s growth rate

Answer 22

3.6%

Question 23

what is the UK GDP per capita

Answer 23

£33,000

Question 24

what % of GDP is services in the UK

Answer 24

72%

Question 25

what is the economic inactivity rate in the UK

Answer 25

21.4%

Question 26

what is wage growth rate in the UK

Answer 26

6.6%

Question 27

what is the £/$ exchange rate

Answer 27

£1 - $1.24

Question 28

what is the minimum wage in the UK

Answer 28

£10.42

Question 29

what is the UK national debt as a percentage of GDP

Answer 29

100%

Question 30

what is the UK gini coefficient

Answer 30

0.343

Question 31

what are the UK tax bands

Answer 31

0% up to £12,570
20%
40%
45%

Question 32

how much money has Nigeria lost to corruption

Answer 32

$400bn

Question 33

what is an example of infrastructure spending in Nigeria

Answer 33

the Nigerian Railway Modernisation Project

Question 34

what is Nigerias corporation tax rate

Answer 34

30%

Question 35

what is the life expectancy in the UK

Answer 35

81 years

Question 36

what is the life expectancy in Nigeria

Answer 36

55 years

Question 37

what was labour productivity growth in China in 2021

Answer 37

9% growth in productivity

Question 38

what is the Yuan to Dollar exchange rate

Answer 38

1 Yuan to 0.14 Dollar

Question 39

UK total GDP

Answer 39

£2.4 trillion

Question 40

what % of GDP is interest payments in the UK

Answer 40

4.5%

Question 41

what was labour productivity growth in UK in 2021

Answer 41

-1.4%

Question 42

how many people does the NHS employ

Answer 42

1.5 million

Question 43

what was the UK growth rate last year

Answer 43

4.1%

Question 44

what is the forecasted UK growth rate this year

Answer 44

-0.2%

Question 45

example of expansionary monetary policy

Answer 45

covid the in the uk
- interest rates cut from 0.75% to 0.1%
- QE of size £450 bn
extreme in Japan
- -0.1% in 2016

Question 46

example of expansionary fiscal policy

Answer 46

covid in the uk
- borrowed £400bn
- cuts in VAT from 20% to 5% in some industries

Question 47

examples of supply side policies in the UK

Answer 47

• corporation tax fall from 28% to 19% in between 2010 and 2022
• investment tax free allowance increased to £1 million
• government spending over £25 bn by 2025 on roads
• 100bn being spent on HS2