https://cpes.org.uk/om/files/original/40c17bb3821dfff5c62d8e25879aeda8.pdf f6fc5208607ef4e7f8ce460ca7737e13 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 Economic Policy Review Volume 1 Description An account of the resource February 1975 No 1 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 University of Cambridge Department of Applied Economics Economic Policy Review February 1975 No 1 TABLE OF CONTENTS CHAPTER 1 CHAPTER2 CHAPTER3 CHAPTER4 CHAPTERS CHAPTER6 CHAPTER 7 tHAPTER8 Review of Britain's Economic Prospects 1. Summary of main conclusions 2. The present position and how we got here 3. Analysis of future prospects 4. A target for the Balance of Payments 5. Implications for fiscal policy 6. Competitiveness: the main policy problem 7. Availability of resources and claims on them 8. Inflation The outlook for prices during 1975 The outlook for wages in the short run An economic assessment of the North Sea Finance for the Balance of Payments Public spending and taxation .. Profits and Stock Appreciation Statistical Appendix 3 15 26 29 40 46 57 62 Note on value and volume figures Conventional national income accounts present figures on volumes of expenditure, income and output at constant prices of a base year (1970 in the current Blue Book). Value figures are expressed at current prices. In this study figures are presented on four alternative bases: (i) volumes at constant prices - denoted (£ million, 1970 prices) (ii) values at current prices - denoted (£ million) (iii) values adjusted for inflation (for use in the analysis of real national income) - denoted (£ million, 1974 values) (iv) values adjusted for inflation (for use in analysis of the balance of payments) - denoted (£ million, 1974 export values). Volume figures may be converted to current price values by multiplying by the appropriate price deflator (base 1970=1.000). Values adjusted for inflation are obtained by dividing the current price figure by the deflator for domestic expenditure or the deflator for exports of goods and services, and multipying by the value of the same deflator in 1974. Thus, for example, defining the following symbols : M Volume of imports(£ million, 1970 prices) M' Value of imports(£ million, current prices) PM Deflator for imports (1970=1.000) PDE Deflator for domestic expenditure (1970=1.000) PX Deflator for exports of goods and services (1970=1.000) Then M'=M.PM Imports at 1974 values (for real national income purposes) are given by 1 . PDE 74 PDE where PDE74 is the value of PDE in 1974. Imports at 1974 export values (for balance of payments purposes) are given by M'. PX 74 PX where Px74 is the value of PX in 1974.  Original Format The type of object, such as painting, sculpture, paper, photo, and additional data Printed document 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 Volume 1 front matter Description An account of the resource Front page, table of contents Date A point or period of time associated with an event in the lifecycle of the resource February 1975