asked the Chancellor of the Exchequer what percentage of the gross national product in each year from 1960 to 1972, or the latest available date, went to rent, profit and interest.
The information is as follows:
TOTAL OF RENT, TRADING PROFITS AND SURPLUSES, AND NET INCOME FROM ABROAD, AS A PROPORTION OF (A) GROSS NATIONAL PRODUCT AND (B) NATIONAL INCOME | ||
Per cent. | ||
(A) | (B) | |
1960 | 25·5 | 19·5 |
1961 | 24·1 | 17·9 |
1962 | 24·0 | 17·7 |
1963 | 25·3 | 19·1 |
1964 | 25·4 | 19·2 |
1965 | 25·1 | 18·9 |
1966 | 23·9 | 17·4 |
1967 | 24·3 | 17·7 |
1968 | 24·6 | 18·0 |
1969 | 24·0 | 17·1 |
1970 | 22·4 | 15·0 |
1971 | 22·3 | 14·7 |
1972 | 22·2 | 14·5 |
Notes: The above incomes are the total of the incomes arising from the national product other than income from employment and from self-employment. They include net interest received from abroad; other interest paid or received by the various sectors of the economy cancels out in the definition of gross national product. In Column (A) both the incomes and gross national product are defined after deducting stock appreciation but before deducting capital consumption; in Column (B) national income (and the corresponding incomes) are measured after deducting stock appreciation and capital consumption.