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...

 

 

 

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Growth


Question 1

  1. What are the major costs and benefits of faster economic growth?

  2. If the current level of national income per head in Poland is £6,000 per year and of the UK is £24,000, does this mean that the average UK citizen is 4 times better off than the average Polish citizen?

  3. Discuss the arguments for a broader definition of economic welfare to include ‘quality of life’ indicators.