UnemploymentUnemployment - down to 6.5% as jobs market continues to strengthen. More..

CPI inflationCPI inflation - grew by 1.9% in the year to June 2014.

UK GDPUK trade figures - Sterling undermines rebalancing strategy.

UK GDPUK growth - GDP up 0.8% in the first quarter of 2014.

UK Energy marketEnergy market - to be investigated by new competition watchdog More..

Bank of England and Mark CarneyBank of England - downgrades unemployment threshold.

OECDOECD - latest forecasts for the OECD countries..More

 

Updates statisticsUpdates Get the latest updates on the UK economy, including GDP, inflation. More..

Revision guidesStudy guides Latest resources for students from Economics Online

Data response techiqueHow to answer data response questions. More...

Multiple choiceMultiple choice tests Improve knowledge and understanding of Economics. More...

 

 

 

bar

 

 

Competitiveness

Question 1

  1. What factors help determine a country’s competitiveness?

  2. During the last 12 months the value of Sterling has risen against the US Dollar. Examine the likely affects of this on UK:

  1. Competitiveness

  2. Inflation

  3. Employment

  1. “Investment is the key to improving a country’s competitiveness in the long run.” To what extent do you agree with this assertion?