§ Mr. John Mooreasked the Chancellor of the Exchequer what has been the GNP each year from 1960 in the United Kingdom expressed in 1972 prices.
§ Mr. Denzil DaviesThe following table shows the movements in gross domestic product at constant factor cost, and 187W national disposable income at constant market prices. The former measures changes in real output and the latter changes in real income after taking account of changes in the terms of trade. Both have been derived from estimates calculated at the relative prices of 1958 for the years 1960 to 1963, those of 1963 for the years 1963 to 1970 and those of 1970 for 1970 onwards. Estimates calculated in detail at the relative prices of 1972 are not available. Estimates of gross domestic product at constant factor cost are also given, however, scaled to a 1972 price level.
Gross domestic product at constant factor cost Real national disposable in come at constant factor cost Expressed in terms af 1972 price level Index (1972=100) Index (1972=100) 1960 … 40,039 72.6 71.6 1961 … 41,078 74.5 73.7 1962 … 41,573 75.4 75.0 1963 … 43,146 78.2 77.9 1964 … 45,700 82.9 81.5 1965 … 46,962 85.1 83.9 1966 … 47,816 86.7 85.3 1967 … 48,850 88.6 87.2 1968 … 50,786 92.1 90.0 1969 … 51,833 94.0 92.2 1970 … 52,856 95.8 94.9 1971 … 53,752 97.5 96.7 1972 … 55,158 100.0 100.0 1973 … 58,295 105.7 104.6 1974 … 58,252 105.6 99.8 1975 … 57,008 103.4 99.4