https://cpes.org.uk/om/files/original/f84270a3e01b27967ee2025bed5c1e49.pdf f58b02f44dd126a6ea462afc35b982e7 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Problems in the Management of the Economy 1971 - 75 Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Text Any textual data included in the document Apyendix Expenditure, output, employment and balance of payments estimatesfor 1960-75 Contents Suffixes and other symbols Definitions of variables Tables: 1. GDP, employment and unemployment 2. Public expenditure 3. Gross fixed capital formation 4. Actual balance of payments, 1960-71 5. Par balance of payments 6. Actual balance of trade, 1960-71 7. Par balance of trade 8. Balance of trade 1971-5, projections I and 11 9. Consumers' expenditure 10. Actual expenditure on GDP, 1960-71 11. Par expen~iture on GDP 12. Expenditure on GDP 1971-5, projections I and 11 /\.2 Suffixes and other symbol.s not relevant nil n. a. not avilable * denotes estimated par values denotes initial or alternative estimates SU~Ff.lX/Q denotes balance of payments items deflated to 1970 values (using import rrices as deflator) suffixFY denotes estimates for financial years at the survey prices of the Public Expenditure White Paper denotes factor cost estimates of expenditures normally measured at market prices Note: superscript may have various different interpretations. Gruwth rates are expressed as per cent per annum. A. 3 DefinitLons of variables y GDP at factor cost, Б million, 1963 prices E Employees in employment, self-employed and armed forces, thousands u Wholly unemployed excluding school-leavers, thousands p Productivity (value-added per person), Б, 1963 prices Б million 2 1963 prices c Consumers expenditure G Total public expenditure on goods and serv1ces CG Publ1c current expenditure on goods and servLces IDG Public gross fixed capital formation in dwellings IKG Other public gross fixed capLtal formation IDP Private gross fixed capital formation in dwellings IKP Other private gross fLxed capital formation I Total gross fixed capital formation s Physical increase 1n stocks and work-Ln-progress X Exports of goods and serv1ces Imports of goods and servLces A Adjustment to factor cost R Residual error (compromise less expenditure estinate) Б million, current pr1ces X Exports of goods and serv1ces ~ Imports of goods and serv1ces BT Balance of trade on goods and servLces PlA Property inco~e from abroad (net) GT Public tr~~sfers abroad (net). excluding EEC PT Private transfers abroad (net) EEC Transfers to EEC (net) B Current balance of payments BB Basic balance of payments D Increase in drawing rLghts (special and ordinary) at IMF, revaluat etc. affecting reserves, and EEA profits Ol' losses (net) TT Terms of trade on goods and services {1963=100,0) - ..~ '- ' Table 1 GDP, employment and unemp laymen t Year y 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 24864 25504 25802 26793 28320 29124 29633 30115 31187 31803 32330 32714 uu E ACTUAL 363 298 24143 291 34 7 24544 353 527 24635 546 402 24486 386 314 24859 306 281 25172 278 444 25336 462 536 24922 544 533 24758 532 558 24 735 561 624 24649 631 n.a 2~193 E 2L~504 24626 .L4501 24822 25141 25320 24963 24774 24737 24658 24239 n.a. Growth rates l96l-5 3.4 l965-9 2.2 l969-?l l.4 0.6 -0.4 n. a. o. 7 -o.6 n. a. Y* 23629 24417 25402 25870 26978 27604 28797 29691 30736 31466 32325 n. a. 3. l 3. 3 A.4 E* P"'* иPAR 23752 994.8 23976 1018.4 24267 1046.8 24289 1065.1 24393 1105. 9 24487 1127.3 24524 1174. 1 24558 1209.0 24515 1253. 7 24496 12 84.6 24236 1333.7 r\. a. n. a. Y* 23680 24417 25178 25962 26770 27604 28523 29472 30453 31466 32513 33596 0.5 2. 6 0.0 3. 3 3. l 3.3 3. 3 1971 1972 1973 1974 1975 - PROJECC'L':WNS l &' II 32714 671 789 24388 34186 802 716 24072 35725 706 637 24307 37332 629 553 24495 39012 544 462 24704 GroUJth rate l97l-5 4.5 0.5 24103 24283 24477 24683 24904 0.8 PAR 33596 34690 35793 36904 38022 3 ' 7v A. 5 Table 2 Public expenditure Year CG IDG 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 4775 4949 5104 5187 5278 5425 5571 5861 5889 5807 5897 6023 301 315 357 380 499 526 594 665 712 671 585 532 Growth rates l96l-5 2.3 I l965-9 l.? Z969-n l.8 l3.t3 6.3 -l0.9 1971 1972 1973 1974 1975 6023 6122 6293 6441 6603 532 530 554 568 567 Growth rate l9?l-5 2.3 Z.6 IKG 1505 1642 1671 1752 1977 2058 2195 2494 2484 2291 2378 2496 5.8 2. 7 4.4 2496 2749 2834 2838 290L. 3.9 IG 1806 1957 2028 2132 2476 2584 2789 3159 3196 2962 2963 3028 7.2 3.5 l.Z 3028 3279 3388 3406 3471 3.4 GI II 6581 6906 I ! 7132 j !7319 7754 i I I 8009 I I836c ii 9020 9085 I 8769 : CGFY 8860 916 7 9051 I I i I .3. 81 2. 3 ' I Il.6 9327 ... ... ... !9051 I9401 i9681 9327 9532 9819 984 7 I 10029 10074 10292 2.7 2.5 IDGFY 739 683 ... ... . .. 683 681 724 732 730 l.? IIKGFY 35661 3742 ... ... ... 3742 4081 4133 4122 4253 3.3 Note: FY series are derived, with some fairly minor adjustments, from the estimates at 1971 survey prices in the White Paper Public Expenditure to 1975-76 (Crr~d. 4829). Policy changes announced on 23rd November 1971 are also included. ., ., ~. : A. 6 Table 3 Gross fixed capital formation Year IG 1960 1961 1962 196 J 1964 1965 1966 1967 1968 1969 1970 1971 1806 1957 2.028 2132 2476 2584 2789 3159 3196 2962 2963 3028 Groz..;th Rates , Z96Z-5 7' 2 l965-9 3. 5 Z969-7l Ll IDP IKP ACTUAL 533 2079 580 2310 56 7 . 2234 564 2216 676 2573 677 2699 619 2704 641 2724 663 . 2991 564 . 3251 530 3393 603 3335 ~ 3,9 -5.3 3. 4 и 3.9 4.8 L3 I 4418 484 7 4829 4912 5725 5960 6112 6524 6850 6777 6886 6966 5. 3 3, 3 z. 4 y 24864 25504 25802 26793 28320 29124 29633 30115 31187 31803 32330 32714 IDP* 459 539 545 492 543 534 580 561 555 618 572 663 IKP* PAR 1942 2143 2432 2417 2468 2572 2915 3131 3361 ) 3391 I* 4515 476 7 5451 5535 5837 6292 6666 6711 6896 7082 Y* 23680 24417 25178 25962 26 770 27604 28523 294 72 30453 31466 32513 33596 3. 4 -0 2 2. 2 3.1 lo5 3. 5 7.. 6 (l} 6. 7 4.Z ?.c/ZJ 4.9 2. 7 3. [ 3. 3 3. 3 PROJECTIONS I &II PAR 1971 3028 603 3335 6966 32714 663 3391 7082 33596 1972 3279 648 3397 7324 34186 683 3573 7535 34690 1973 3388 707 374 7 7842 35725 712 3806 7906 35793 1974 3406 790 4051 824 7 37332 761 4041 8208 36904 1975 34 71 878 4369 8718 39012 810 4277 8558 38022 Growth Rate Z97Z-5 3.5 9.8 7.0 5. 8 4. 5 5. l 6.0 4.8 3. z (l) l962-5 only. Table 4 Actual balance of payments Long-term Trade Year BT p U. GT PT B Investment Credit BB Overseas (net) (net) :Jet Dittn, D Reserve Curnul- Effect atlve 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 -407 233 -94 13 -255 -197 -147 254 -118 17 6 62 -101 334 -121 10 122 -103 -137 398 -132 -5 124 -155 -602 393 -163 -4 -376 -357 -303 435 -177 -7 -52 -227 -107 393 -180 -23 83 -84 -452 385 -188 -43 -298 -99 -390 341 -179 -60 -288 и-12 7 171 501 -177 -55 4!~0 -92 314 512 -172 -45 609 -225 602 548 -181 -42 927 130 -66 (l) -66 (l) -66 (l) -91 -45 -49 -173 -161 -248 -172 -211 -142 -518 2 -47 -122 -778 -328 -174 -558 -663 176 173 915 - - - - 306 и115 -251 - 433 125 -518 2 -47 -122 -778 -328 132 -443 -914 176 606 1040 -518 -516 -563 -685 -1463 -1791 -1659 -2102 -3016 -2840 -2234 -1194 (1) D.A.E. estimates. !I> A. 9 Table 6 Actual balar.ce of trade, 1960-71 Year BT X - HX -- \и.I' TT M* M* X-H'~< 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 -407 -147 -101 -137 -602 -303 -107 -452 -390 171 314 602 5147 5368 5503 5809 6119 6559 7032 7232 8791 9838 11209 12558 5554 5515 5604 5946 6111 686.2 7139 7684 9181 9667 10895 11956 5327 548 7 5578 5809 6040 6346 6628 6657 7487 8184 8593 9010 5669 5628 5736 5946 6514 6582 6771 7193 7733 7962 8413 8892 99 5373 5264 100 5345 5238 101 556o 54.40 lOO 5713 57:3 98 6064 6257 99 6126 6387 101 6427 6776 102 6987 7464 99 7491 &894 99 /84 7 9527 .l. 101 8477 109 78 104 92J..O J..238-4 -li7 130 63 96 -138 172 256 -232 -103 311 2Jl 174 Growth rates ~96l-5 ~965-9 ts69-?7. 5.~ 5.5 3.7 4.0 -O.J 3.5 5. L LO.? 8.9 6.6 4.9 0 6. 4 LO. 5 Z.3.0 ZL2 4.9 5.7 2.5 B.J L4.0 - Table 7 Par balance of trade A.10 иYear BT'70 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 -so -30 -10 10 30 50 70 80 90 lOO lOO 100 Gl'OIIJth ratBB l96l-S 7,965-9 7,969-?1. 1971 1972 1973 1974 1975 100 130 170 210 250 Gl'06Jth NU 7.9?7.-S M*70 6945 6909 . 7197 7385 7838 7919 8308 9031 9683 10143 1097-S 11905 3.S 6.4 8.3 11905 12798 13759 14790 15899 ?.S x*7o 6895 6879 7187 7395 7865 7969 8378 9111 9773 10243 1101-8 12005 3.8 6.5 8.2 12005 12928 13929 15000 16149 ?.7 x7o 6791 7081 7281 7509 7666 8132 8621 8751 9571 10474 11209 12073 3.5 6.5 7.4 12073 12706 13329 13955 14583 4.8 TT . TT 98.6 99.8 101.0 100.0 98.2 99.1 100.6 101.7 98.9 99.0 100.9 103.7 98.2 100.7 101.4 100.5 97.4 99.7 101.5 100.5 98.3 99.7 101.3 и'. 103.8 -o.2 0 2.3 103.7 103.9 103.8 103.5 103.0 -0.2 0 2.0 103.8 103.4 102.4 101.2 99.7 -o.2 -l.O TT* _.;I( X _.;I( M 99.5 100.3 101.0 100.0 99.0 99.2 99.4 99.7 100.2 100.7 101.7 102.5 5361 5306 55055721 6148 6215 6521 7070 7546 7870 8428 9061 5373 5345 5568 5713 6064 6126 6427 6987 7491 7847 8477 9210 -0.3 4.0 3.5 0.4 6.l 6.4 0.9 ?.3 8.3 102.5 102.5 102.5 101.5 100.2 9061 9758 10513 11433 12468 9210 9901 10644 11442 12300 -o.s 8.3 ?.5 A.ll Table 8 Balance of trade 1971-75, projections I and II BT70 :170 x7o Projection I 1971 1972 1973 1974 1975 579 148 -396 -1051 -1828 11494 12558 13725 15006 16411 12073 12706 13329 13955 14583 Growth yиate Z9? l-?Б 9.3 4.8 Projection II 1971 1972 1973 1974 1975 579 148 . -396 -269 212 11494 12558 13725 15006 16411 12073 12706 13329 14737 16623 Growth rate l97l.-?E J.3 8.3 TT 103.7 103.9 103.8 103.5 103.0 -0.2 103.7 103.9 103.8 99.8 99.7 -l.O XM 9010 9461 9934 10431 10953 8892 9713 10618 11609 12696 5.0 9.3 9010 9461 9934 11424 12899 8892 9713 10618 11609 12696 9.4 9.3 .....-~ -и ~- A.l2 Table 9 Consumers' Expenditure -------------- Year CF r. y !.~"!'PAT. - - - 1960 15681 18445 24864 1961 16088 18877 25504 1962 16499 19285 25802 1963 17213 20127 26793 1964 17727 20835 28320 1965 18155 21243 29124 196.6 18517 21681 29633 1967 18850 22135 30115 1968 19218 22662 31187 1969 19258 22741 31803 1970 19714 23396 32330 1971 20222 24136 32714 GroUJth rates L96l-5 3.l 3.0 3.4 7,965-9 l.5 l.? 2.2 l969-7L 2.5 2.0 l.4 1971 1972 1973 1974 1975 и PROJECTION I 20222 24136 32714 21131 25052 34186 22429 26625 35725 23988 28513 37332 25612 30483 39012 GroUJth rate L97L-5 6. z 6.0 4.5 1971 1972 1973 1974 1975 PP.OJEr.TION II 20222 24136 32714 21131 25052 34186 22!.29 26625 35725 23022 27365 37332 23718 28229 39012 GroUJth rate L97Z-5 4.l 4.0 <]. 5 ----- C*F c* pM~ 15907 16279 16290 16894 17349 17601 18234 19316 20176 21067 18598 19035 19321 19766 20315 20668 21502 22811 .l. 23871 24943 3.4 4.4 21067 21651 22246 22831 23311 3.6 3.0 PAR 24943 25668 26408 27138 27746 2.6 2.7 y* 23h80 24417 25178 25962 26770 27604 28523 29472 30453 31466 32513 33596 3.l 3.3 3.3 33596 34690 35793 36904 38022 3. z ' . 1) Table 10 Actual Expenditure on G.D.P. Year c CG I sX - ~1 AR y 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 18445 4775 4418 628 5327 5669 3285 225 24864 18877 4949 4847 327 5487 5628 3342 -13 25504 19285 5104 4829 66 5578 5736 3346 22 25802 20127 5187 4912 191 5809 5946 3487 0 26793 20835 5278 5725 628 6040 6514 3733 61 28320 21243 5425 5960 376 6346 6582 3738 94 29124 21681 5571 6112 254 6028 6771 3835 -7 29633 22135 5861 6524 184 6657 7193 3986 -67 30115 22662 5889 6850 158 7487 7733 4186 60 31187 .\. 22741 5807 6777 346 8184 7962 4и238 148 31803 23396 5897 6886 329 8593 8413 4456 98 32330 24136 6023 6966 0 9010 8892 4697 168 32714 Growth rates "L96L-5 3.0 2.3 5.3 1,965-9 l.? l.? 3.3 L969-n 3.0 l.B l.4 3.? 4.0 2.8 6.6 4.9 3.2 4.9 5.7 5.3 3.4 2.? L4 A 14 Year Table 11 Par expenditure on G.D.P C* CG ] ,., S* -X* M- * A* Y* 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 18598 19035 19321 19766 20315 20608 21502 22811 23871 24943 4775 4949 5104 5187 5278 5425 5571 5861 5889 5807 5897 6023 Growth rates Z96Z-5 2.l (.l) l965-9 3.7 l969-7l 4.6 2.3 t. 7 Z-.8 1971 1972 1973 1974 1975 24943 25668 26408 27138 27746 6023 6122 6293 6441 6603 Growth rate l97l-5 2.7 2.3 4515 4 76 7 5451 5535 5837 6292 6666 6711 6896 7082 256 284 281 285 325 335 343 352 362 373 ?.O(lJ 4.9 27 7082 7535 7906 8208 8558 373 372 372 371 369 4.8 5361 5306 5505 5 721 6148 6215 6521 7070 7546 7870 8428 9061 4.0 6.l 7.3 9061 9758 10513 11433 12468 8.3 5373 5345 5568 3232 5713 3319 6064 3645 6126 3496 6427 3619 6987 376 7 7491 4002 и'. 784 7 . 4238 8477 4464 9210 4676 23680 24417 25178 25902 26 770 27601 2852 3 29472 30453 31466 32513 33596 3.5 6.4 8.3 9210 9901 10644 11442 12300 2и 7rl) 4.9 5.0 3.l 3.3 33 4676 4864 5055 5244 5422 33596 34690 35793 36904 38022 7.5 3.8 3. z (1) 1962-5 only. Tab le 12 Expenditure on GDP 1971-5, projections I and II Year 1971 1972 197 3 1. 974 1975 c 24136 25052 26625 28513 30483 CG 6023 6122 6293 6441 6603 I 6966 7324 7b42 8247 8718 .. sX PROJECTION I 0 90l0 527 9461 )47 9'JJ4 568 10431 591 10953 - M bb92 9 7 L'} 10618 11609 12696 A 46<.)7 4748 506B 5437 5826 Gr>IJLJ t h m te Z9 7 7.-5 6.0 2J 58 5 0 9 3 5.5 1971 1972 1973 1974 1975 24136 25052 26625 27365 28229 602 3 6122 6293 6441 6603 6966 7324 7842 8247 8718 PROJECTION I I 0 9010 527 9461 547 9934 568 11424 591 12899 8892 9713 10618 11609 12696 4697 4 74b 5068 5282 5518 G-rm1th rate 7.971--5 4.t 2 3 5.8 9 4 9 3 4.l l{ y 16!) 32714 161 34186 170 15 725 178 37 312 186 l'JO 12 и'7 ".Б -----------и- 168 12 711~ 161 141 Rf1 170 15 72) 178 17 312 186 'l90 12 4 .~ - i\ .. i ;~ Table 13 The real burden of taxation, 1971и5 Par 1971 19 72 1973 1974 1975 Reqm red Gene rated consumption consumption - f million, 1963 prices - 24744 25475 26206 26929 2 7531 24491 25291 26098 26911 27728 In1t1al tax gap Terms of Trade Renr s and Food -~--- ------ - "'iF1nai l: l 5. t .:.x gap Otdg 1 ---~-- E m1ll1cr:, 19 71 rrli.E.S -395 -287 ии168 -28 307 -516 - 5 }~< -468 - 7!.5 . 110 3 0 "7 c; - ?25 -!.aOO и450 -911 -895 -861 ии11 ,'3 -1246 0 -173 -]::.9 -472 -602 Projection I 1971 24136 1972 2"052 1973 26625 1974 28" 13 1975 30483 Projection li 1974 27 36') 1975 28229 24055 25099 26229 2 7241 28385 27241 28385 126 73 -618 и1984 -3273 -66 0 .. !.a 1 и64 и66 и193 243 и1445 -1339 0 -:5 -225 -t.oo -450 ~ l92 0 -2 -243 802 -4lJ I и2 3?0 -705 ~ 3657 -966 ____....,...,. .......,......._ -400 . 2038 -450 - 1') '~f. -479 -755 For definitlons, see chapter VII, table VII-2, and paragraphs 14и20"  Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Appendix Expenditure, output, employment and balance of payments estimates for 1960 - 75 Creator An entity primarily responsible for making the resource Cambridge Economic Policy Group Source A related resource from which the described resource is derived Problems in the management of the economy 1971 - 75 pages A-1 to A-16 Date A point or period of time associated with an event in the lifecycle of the resource 1972