Jose Angel Gurria at Treasury Conference unveiling OECD's UK economic survey

The video presents an economic survey of the UK, highlighting improvements since the last survey. Previously, the UK economy was stagnant with high unemployment and inflation. Currently, the UK shows strong growth, leading the G7 with a 2.6% increase. The labor market has improved significantly, with 3 million jobs created since 2010. In comparison to the US, the UK has performed better in relative terms. Unemployment has decreased to 5.7%, matching the US rate, while inflationary pressures have diminished. Real wages are rising, indicating better job quality. The economic expansion is expected to continue.

What was the unemployment rate in the UK during the previous economic survey?

• 8%

• 6%

• 10%

• 5%

How many jobs has the UK created since 2010?

• 3 million

• 2 million

• 4 million

• 1 million

In relative terms, how does the UK's job creation compare to the US?

• The UK has created fewer jobs than the US

• The UK has created more jobs than the US

• The UK and US have created the same number of jobs

• The comparison is not possible

What is the current unemployment rate in the UK?

• 5.7%

• 6.5%

• 7.2%

• 8.0%

What trend is observed in real wages in the UK?

• They are rising

• They are stagnant

• They are unpredictable

• They are decreasing