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A Level Macroeconomics > Macroeconomy stats 2019 > Flashcards

Macroeconomy stats 2019 Flashcards

1
Q

What is the most recent annual GDP growth rate?

A

1.4% (2018)

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2
Q

What is the most recent quarterly GDP growth rate?

A

0.2% (last quarter of 2018)

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3
Q

What is the state of the current output gap?

A

There is a positive output gap of size 0.2% of GDP

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4
Q

What is the real GDP per capita?

A

£29,000

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5
Q

What is the total GDP?

A

£2tn

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6
Q

How is the GDP split up by percentage?

A

79% services, 14% manufacturing, 6% construction, 1% agriculture

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7
Q

What is the current unemployment rate?

A

3.9%

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8
Q

What is the current youth unemployment rate?

A

11%

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9
Q

What is the current long-term (>= 1 year) unemployment rate?

A

1.1%

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10
Q

What is the rate of wage growth?

A

3.4%

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11
Q

What state is consumer confidence in?

A

Weakening

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12
Q

What is the CPI inflation rate?

A

1.9%

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13
Q

What is the core inflation rate?

A

1.8%

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14
Q

What is the producer price inflation?

A

2.4%

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15
Q

What are inflation expectations?

A

2.7%

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16
Q

How large is the current account deficit?

A

4.4% of GDP

17
Q

What state are productivity and investment in?

A

Very weak, barely grown since pre-crisis rates

18
Q

What is the exchange rate for $/£ and euros/£?

A

£1 = $1.30 and £1 = 1.16 euros

19
Q

At what rate is the Eurozone economy growing?

A

About 1% on average

20
Q

What is the state of the US economy for employment and growth?

A

Full employment, around 3% annual growth

21
Q

How large is the budget deficit?

A

2% of GDP

22
Q

What are the yields on government bonds?

A

1%

23
Q

What is the gini coefficient?

A

0.34

24
Q

What are the marginal rates of income tax?

A

Up to £12,500 is tax free
£12,500-£50,000 is 20%
£50,000-£150,000 is 40%
£150,000+ is 45%

25
Q

What is the current base rate?

A

0.75%

26
Q

What is the average lending rate?

A

1%

27
Q

What is the average mortgage rate?

A

1.75%

28
Q

In what state is business confidence?

A

Very low since Brexit vote

29
Q

What state are mortgage approvals in?

A

Flat growth

30
Q

What is the national debt as a % of GDP?

A

83% of GDP (forecast to fall to 73% by 2023)

31
Q

How willing have banks been to lend?

A

Very poor up to 2016, increased since (although still quite weak especially to small-medium enterprises)

A Level Macroeconomics (3 decks)

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