economic indicators case studies

Question 1

what was zimbabwes inflation rate in 2008? what was their unemployment rate?

Answer 1

• 79 billion %
• 80%

Question 2

what was the inflation rate and unemployment rate in 2019?

Answer 2

• around 2% inflation rate
• unemployment at around 3.8%

Question 3

what was the velocity of money estimated to be in 2020 (during covid)?

Answer 3

• 0.84
• down from from 1.02 in 2019

Question 4

how did productivity change after the financial crash?

Answer 4

productivity is 25% below is pre financial crisis trend

Question 5

what was the peak of the UK’s inflation rate?

Answer 5

11.1% in october 2022

Question 6

what is the current inflation rate?

Answer 6

3.2%

Question 7

what was the Q1 2024 growth rate?

Answer 7

0.6%

Question 8

what was anual growth in 2023?

Answer 8

0.1%

Question 9

what % of UK GDP is from the service sector?

Answer 9

79%

Question 10

what % of GDP is from the manufacturing sector?

Answer 10

14%

Question 11

what % of people in the UK are economically innactive?

Answer 11

22.2%
- up more than 2% from covid

Question 12

what is current wage growth?

Answer 12

5.6%

Question 13

what is the ‘core’ or ‘underlying’ rate of inflation?

Answer 13

4.2%

Question 14

what is the current account deficit?

Answer 14

3.2% of GDP

Question 15

what is producer price inflation?

Answer 15

0.6%

Question 16

what is the current output gap?

Answer 16

-0.1%