What does the demand for goods depend on?

What does the demand for UK exports depend on?

What do the UK's international transactions depend on?

What does demand for imports into the UK depend on?

Exchange Rates

Real exchange rate
(RXR)

Terms of Trade

What does a fall in trade indicate?

Trade Welfare Index
(TWI)

Effective Exchange Rate
(EER)

Competitiveness

The Global Competitiveness Index

Balance of Payments
(As a measure of International Competitiveness)

Relative Unit Costs

Relative Productivity Measures

Factors that effect international competitiveness.

How does Education and Training effect international competitiveness?

If the British industry was to become uncompetitive...