Download Aggregate_Demand_UK.ppt

The Components of Aggregate Demand
800
800
700
700
600
600
Consumer Spending
500
500
billions
2003 GBP (billions)
£bn per year at constant 2003 prices
Imports
400
400
300
300
Exports
Government spending
200
200
Investment
100
100
90
91
92
93
94
95
96
97
98
99
00
01
02
03
04
05
06
07
Source: Reuters EcoWin
The Economic Cycle - Growth in UK National Output
Percent
Annual percentage change in GDP at constant prices
6
6
5
5
4
4
3
3
2
2
1
1
0
0
-1
-1
-2
-2
-3
-3
-4
-4
-5
-5
78
80
82
84
86
88
90
92
94
96
98
00
02
04
06
08
Source: Reuters EcoWin
National Income for the UK Economy
325
325
300
300
275
275
250
250
225
225
200
200
175
175
150
150
billions
GDP at constant 2001 prices (billions)
Gross Domestic Product at constant 2001 prices, source: Office of National Statistics
78
80
82
84
86
88
90
92
94
96
98
00
02
04
06
08
Source: Reuters EcoWin
Key Macroeconomic Objectives
Inflation, jobs and growth
10
10
Unemployment
Percent
9
9
Inflation
8
8
7
7
6
6
5
5
4
4
3
3
2
2
1
1
0
0
-1
-1
GDP growth
-2
-2
-3
-3
89
90
91
92
93
94
95
96
97
98
99
00
01
02
03
04
05
06
07 08
Source: Reuters EcoWin