Interpreting Economic Data & Statistics

What this note covers

1. Where the numbers come from: sources, frequency and the form of the data
2. Reading GDP data: growth rates, per capita measures and contributions
3. Reading inflation data: headline versus underlying and the 2-3 per cent target
4. Reading labour market, wage and confidence data together
5. Trends versus levels: a four-step method and a worked interpretation
6. Deploying data in exam answers: from figure to chain of reasoning

6 sections · 14 key terms & formulas · 6 common mistakes