Lesson test: What actually changed

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What actually changed

1.[3p]
Why did Crafts and Harley's revision lower the estimated growth rate of British industry?

The sectors with good output data were the fastest growing ones, so the old index over-weighted them

Correct

They discovered that cotton output had been overstated by the import records

The answer is: The sectors with good output data were the fastest growing ones, so the old index over-weighted them

They excluded Scotland and Ireland from the calculation

The answer is: The sectors with good output data were the fastest growing ones, so the old index over-weighted them

They measured output per head rather than total output

The answer is: The sectors with good output data were the fastest growing ones, so the old index over-weighted them

2.[2p]
An economy is 10 per cent modern industry growing at 6 per cent a year and 90 per cent everything else growing at 0.5 per cent. What is the aggregate growth rate in the first year, in per cent?

CorrectNot quite: 1.05

3.[2p]
On the revised figures, British output per head grew at about 1.3 per cent a year after 1830. By what factor does that multiply output per head over 150 years?

CorrectNot quite: 6.94

4.[1p]
On the revised national accounts, British output per head rose by less than 10 per cent in total between 1760 and 1801.

True

Correct

False

The answer is: True

5.[2p]
Put these British growth rates for output per head in chronological order of the period they describe.

About 0.5 per cent a year
About 0.2 per cent a year
About 1.3 per cent a year

Show the answer

a, b, c

6.[2p]
What was unusual about English agriculture's share of the male labour force in about 1710?

At roughly 35 per cent it was already far lower than in comparable European economies

Correct

At roughly 75 per cent it was higher than anywhere else in Europe

The answer is: At roughly 35 per cent it was already far lower than in comparable European economies

It had not been measured, so the figure is a modern guess with no evidence behind it

The answer is: At roughly 35 per cent it was already far lower than in comparable European economies

It was falling faster than at any later date

The answer is: At roughly 35 per cent it was already far lower than in comparable European economies

7.[3p]
Which of these are supported by the revised accounts?

Select all that apply

Aggregate growth can be slow while a few industries change their methods radically

Correct

Britain's investment rate roughly doubled between the mid eighteenth century and the 1830s

Correct

Total factor productivity growth from 1760 to 1830 was small and concentrated in a few industries

Correct

British output per head roughly doubled between 1760 and 1830

The answer is: Aggregate growth can be slow while a few industries change their methods radically, Britain's investment rate roughly doubled between the mid eighteenth century and the 1830s, Total factor productivity growth from 1760 to 1830 was small and concentrated in a few industries

8.[3p]
What is genuinely new about British growth after 1780, compared with earlier episodes of growth in history?

It did not reverse

Correct

It was faster in percentage terms than anything before it

The answer is: It did not reverse

It raised wages immediately

The answer is: It did not reverse

It happened without any increase in population

The answer is: It did not reverse

9.[2p]
Match each figure to what it measures.

Deane and Cole
Crafts and Harley
1851 census

the 1962 national accounts
over half the people in towns
the 1992 downward revision

Show the answer

Deane and Cole: the 1962 national accounts Crafts and Harley: the 1992 downward revision 1851 census: over half the people in towns

1.[3p] Why did Crafts and Harley's revision lower the estimated growth rate of British industry?

2.[2p] An economy is 10 per cent modern industry growing at 6 per cent a year and 90 per cent everything else growing at 0.5 per cent. What is the aggregate growth rate in the first year, in per cent?

3.[2p] On the revised figures, British output per head grew at about 1.3 per cent a year after 1830. By what factor does that multiply output per head over 150 years?

4.[1p] On the revised national accounts, British output per head rose by less than 10 per cent in total between 1760 and 1801.

5.[2p] Put these British growth rates for output per head in chronological order of the period they describe.

6.[2p] What was unusual about English agriculture's share of the male labour force in about 1710?

7.[3p] Which of these are supported by the revised accounts?

8.[3p] What is genuinely new about British growth after 1780, compared with earlier episodes of growth in history?

9.[2p] Match each figure to what it measures.

1.[3p]
Why did Crafts and Harley's revision lower the estimated growth rate of British industry?

2.[2p]
An economy is 10 per cent modern industry growing at 6 per cent a year and 90 per cent everything else growing at 0.5 per cent. What is the aggregate growth rate in the first year, in per cent?

3.[2p]
On the revised figures, British output per head grew at about 1.3 per cent a year after 1830. By what factor does that multiply output per head over 150 years?

4.[1p]
On the revised national accounts, British output per head rose by less than 10 per cent in total between 1760 and 1801.

5.[2p]
Put these British growth rates for output per head in chronological order of the period they describe.

6.[2p]
What was unusual about English agriculture's share of the male labour force in about 1710?

7.[3p]
Which of these are supported by the revised accounts?

8.[3p]
What is genuinely new about British growth after 1780, compared with earlier episodes of growth in history?

9.[2p]
Match each figure to what it measures.