Saturday, June 21, 2025

Why has the price of rice been rising in Japan

 The BBC explains https://www.bbc.co.uk/news/videos/c3wdj9wvlp1o

Monday, May 19, 2025

Sunday, May 18, 2025

Saturday, April 05, 2025

Inflation and real wages

 Using https://www.visualcapitalist.com/charted-how-u-s-food-prices-have-surged-since-2021/

a) Explain whather real wages have increased or decreased over the 4 year time period

b) Given the huge increase in egg proices, what must be true about the weight allocatred to eggs when computtating the CPI.

c) how could you use this data to suggest to someone how to spend their nominal income to increase their real income

Wednesday, April 02, 2025

Saturday, March 15, 2025

How changing interest rates effect a country's currency

 Thanks to tutor2u https://www.youtube.com/watch?v=70bhsSVKqWA&t=1s

Government spending to improve wellbeing

 Thanks to econfix https://econfix.wordpress.com/2025/03/10/spending-government-money-to-improve-wellbeing/

Measuring unemployment

 Thanks to tutor2u https://www.youtube.com/watch?v=0iG5YuG9Tgg&t=336s

National debt

 Thanks to tutor2u https://www.youtube.com/watch?v=Uz2HGPD6gvQ&t=74s

How much does the government borrow?

 https://commonslibrary.parliament.uk/research-briefings/sn02812/

Mean v median incomes

 Thanks to tutor2u https://www.youtube.com/watch?v=EmdgmSUfeLQ&t=119s

Progressive and regressive taxes explained

 Thanks to tutor2u https://www.youtube.com/watch?v=qEeexuF1-s4&t=118s

2024 UK balance of trade figures

 https://commonslibrary.parliament.uk/research-briefings/sn02815/