§ Mr. William Clarkasked the Chancellor of the Exchequer what proportion of national expenditure was spent in the public sector and the private sector during the years 1973–74 and 1977–78, giving the amounts in each instance.
§ Mr. Joel BarnettThe table below shows the contributions of the public and 723W private sectors to national output in the years 1973 to 1976. Part of national expenditure is on imported goods and services and part of the output of both sectors is exported. The amount of national expenditure met from the output of both sectors would, therefore, be
CONTRIBUTION OF THE PUBLIC AND PRIVATE SECTORS TO NATIONAL OUTPUT 1973 1974 1975 1976 Public sector contribution— £ million 16,905 20,915 28,574 33,554 Per cent 26.7 28.7 30.9 31.0 Private sector contribution— £ million 46,427 51,955 64,008 74,544 Per cent 73.3 71.3 69.1 69.0 Total (Gross domestic product at factor cost)*— £ million 63,332 72,870 92,582 108,098 * The sum of factor incomes. The estimates normally quoted are based on the expenditure approach, and are higher by varying amounts, up to about 1 per cent. Source: National Income and Expenditure 1966–76, Table 1.10.