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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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