Economic Data- 1951-1964 Flashcards
1
Q
What was Britains economic growth?
A
2.3% a year
2
Q
How much did Britains economy grow compared to other European countries?
A
Britain-40% France-50% West Germany-250% Japan-400%
3
Q
How much did men’s weekly wages go up?
A
£9
4
Q
How much did men’s weekly wages go up?
A
£9
5
Q
What was the average percentage inflation was at?
A
3%
6
Q
What was the average unemployment rate?
A
500,000
7
Q
What were Britain exports like?
A
At the start it they had 25% shares of world trade which went down to 17% by 1960
8
Q
What was Britain’s balance of payments?
A
Deficit of £95 million in 1961
9
Q
What was Britain’s balance of payments?
A
Deficit of £95 million in 1961to £800 million in 1964
