Unit 4 Edexcel Economics Data on the USA

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Unit 4 Edexcel Economics Data on the USA Some data that is likely to be required as part of the global economy exam that specialises on the USA
National Minimum wage $7.25
Corporation Tax 25%
GDP growth forecast for 2014 7.7%
Budget Balance (% of GDP) -2.1%
National debt 22.4%
Current Account Balance +2.3%
Interest Rates 6%
Inflation rate and Inflation target 2.6% actual rate and target is 3.5%
Unemployment 4.1%
VAT 0%-11.725%
Labour productivity (GDP per worker, % change on previous year) +1%
Income Tax maximum rate 39.6%
Investment 12.8%
Global Competitiveness rank 5th
Estimated output gap 6%
PISA index rank 35th
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