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Gross Domestic Product

Volume 958: debated on Wednesday 15 November 1978

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asked the Chancellor of the Exchequer if he will set out in convenient tabular form by how much gross domestic product per capita increased in the United Kingdom in each year since the last war for which official figures are available; and if he will show also what was the annual inflation rate and the annual unemployment rate in each case.

Following is the information:domestically generated inflation and is derived by dividing the expenditure estimate of gdp at current prices by the cor- responding estimate at constant (1975) prices. The general index of retail prices is the more appropriate measure of change in the prices of goods and services bought by households.