Economic Data- 1970-1974 Flashcards
1
Q
What was Britains economic growth rate at?
A
0.9% there GDP was half of the 5 main EEC countries
2
Q
What was Britains balance of payments at?
A
£380 million deficit by 1974
3
Q
What were wages at?
A
They were growing by 12%
4
Q
What was the unemployment rates?
A
1 million by 1972
5
Q
What were the inflation rates?
A
20% in 1972 26% at the start of 1974 went down to 19%
6
Q
What were exports at?
A
Less than 10% of world trade
