UK economic indicators

The Monetary Policy Committe of the Bank of England has a target for inflation of

• 3%
• 4.5%
• 1.5%
• 2%

In 2022 UK inflation peaked at a rate of

• 13.2%
• 11.1%
• 7.8%
• 9.5%

The difference between the value of UK exports and the value of UK imports is called the

• trade surplus
• trade deficit
• current balance

• balance of payments

The UK Current balance of trade in goods and services tends to be in deficit

• True

• False

The budget deficit and the current account deficit are the same thing

• True

• False

The current rate of UK unemployment is

• 4.2%
• 6.1%
• 5.0%
• 3.5%

In the last quarter, UK growth of GDP was

• 1.2%
• -0.3%
• 2.0%
• 0.5%

UK growth rates since 2010 have

• fluctuated with modest growth overall
• experienced rapid growth without fluctuations
• declined steadily each year
• remained constant with high growth

Compared to the rest of Europe UK growth rates have tended to be

• higher than the rest of Europe
• equal to the rest of Europe
• unstable compared to the rest of Europe
• lower than the rest of Europe

UK unemployment is currently

• rising slowly

• rising rapidly

• falling rapidly

• falling slowly