§ Mr. Deakinsasked the Chancellor of the Exchequer what increase in national resources will result over each of the next 10 years, on the basis that the gross national product increases at the same rate as the average increases in European Free Trade Association countries, excluding the United Kingdom, and in 288W Japan, respectively, in the last 10 years for which figures are available.
§ Mr. HigginsThe figures calculated on these assumptions specified by the hon. Member are given in the table below.
Annual increases in gross national product at factor cost at 1970 prices resulting from various rates of growth £ million Average annual rate of growth 4.7* per cent. 11.1† per cent. 1971 … … 2,006 4,737 1972 … … 2,100 5,262 1973 … … 2,198 5,847 1974 … … 2,302 6,495 1975 … … 2,410 7,217 1976 … … 2,524 8,018 1977 … … 2,642 8,907 1978 … … 2,766 9,897 1979 … … 2,896 10,994 1980 … … 3,032 12,216 * Average annual rate of growth of gross national product at constant market prices in the European Free Trade Association countries, excluding the United Kingdom, 1958–68. † Average annual rate of growth of gross national product at constant market prices in Japan, 1958–68.