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The data in Table 2.1 show the amount of consumer credit in the UK for each year from 1992 to…

The data in Table 2.1 show the amount of consumer credit in the UK for each year from 1992 to 2002, together with the Retail Price Index.

(a) From the Office for National Statistics website, update the series for the latest years.

(b) Using the RPI, deflate each of the three series.

(c) Graph the three deflated series and comment on any trends.

(d) Calculate the percentage of total gross lending from credit cards and comment on any trends.

The data in Table 2.1 show the amount of consumer credit in the UK for each year from 1992 to...