Stats For Macro Flashcards
1
Q
Annual growth rate
A
7.4% - 2021
Came from the shrunken 10% economy in 300 years
2
Q
Annual growth forecast
A
3.8% 2022, 1.8% 2023
Due to cost push inflation
3
Q
Output gap
A
+0.7%
4
Q
GDP/ capita
A
£31,400
5
Q
Total GDP
A
£2.4 trillion
6
Q
How much gdp from services
A
79%
7
Q
Unemployment rate
A
3.8%
Furlough
8
Q
Employment rate
A
75.5%
Lower than pre covid 80%
9
Q
Economic inactivity rate
A
21.4%
10
Q
Youth unemployment
A
11.1%
11
Q
Long term unemployment
A
1%
12
Q
Wage growth
A
5.4% - real wage growth negative
13
Q
Job vacancies
A
At record high
14
Q
Consumer confidence
A
Was high at covid easing - ad was 90% consumption in 2021 - recently fallen due to high cost of living
15
Q
Inflation rate (cpi)
A
7% - peak at 8.4%
Demand pull - expansionary - fiscal stimulus
Cost push - oil and gas prices
