Economics

Question 1

Aggregate value of surviving buildings 1945v1936

Answer 1

1945 - RM62 billion
1936 - RM51 billion

Question 2

Industrial production increase in Bizonia

Answer 2

51% of 1936 levels in Jan 1948 to 75% by Dec 1948

Question 3

When was Deutschmark introduced

Answer 3

20th June 1948

Question 4

Wage conversion RM v DM

Answer 4

RM1 to DM1

Question 5

Savings conversion RM v DM

Answer 5

RM100 to DM6.5

Question 6

Debts of how much were wiped out

Answer 6

RM400 billion

Question 7

Tax rate for average incomes

Answer 7

1950, rate for average incomes of DM2,400 fell to 18%
1948, was as high as 85% (RM)

Question 8

Tax rate for incomes over DM250,000

Answer 8

95%

Question 9

Absenteeism decrease

Answer 9

9.5 hours per week to less than 2 hours average

Question 10

Growth rate in industrial production 1950

Answer 10

25%

Question 11

Unemployment 1950s

Answer 11

Fell from 10.3% in 1950 to 1.2% by end of decade

Question 12

Salary increase 1949-55

Answer 12

80%

Question 13

Industrial production increase

Answer 13

By 1958, had quadrupled since first half of 1948

Question 14

Investment Aid Law

Answer 14

Provided gov subsidy of DM3.2 billion

Question 15

Anti-Trust Law 1957

Answer 15

Designed to prevent & dismantle cartels

Question 16

Deutsche Bundesbank 1957

Answer 16

Had power to raise interest rates/control circulation of money within economy
Controlled inflation

Question 17

Marshall Plan

Answer 17

Aided $1.5 billion 1948-52

Question 18

Average economic growth 1955-66

Answer 18

8%

Question 19

FRG share of world trade increase 1965-75

Answer 19

6.6% to 7.9%

Question 20

Unemployment in 1955

Answer 20

1 million
4.2% of workforce

Question 21

How much of industry did federal gov control by mid 1950s

Answer 21

40% of coal and iron
75% of aluminium
66% of electricity generating plants

Question 22

Erhard response to 1965-69 recession

Answer 22

Cut spending plans by 10%
German workers would have to work an extra hour/week
Increased interest rates

Question 23

When did Erhard resign

Answer 23

Nov 1966

Question 24

Karl Schiller

Answer 24

Appointed new economics minister
Dec 1967 - Introduced 5 year financial plans and co-ordinated budgets of different gov levels

Question 25

Law for Promoting Stability & Growth in the Economy

Answer 25

June 1967 Formalised process of co-operation Increased federal gov activity in economy

Question 26

Article 109 of Basic Law emended

Answer 26

Allowed increased gov control of tax & spending policies of different states

Question 27

VAT rise

Answer 27

10% to 12%

Question 28

Kiesinger's economic successes

Answer 28

Unemployment falling by 1968 Industrial growth 6% per annum 1969, inflation = 1.5%

Question 29

Brandt's increased spending on social welfare as % of GDP

Answer 29

25% to 33%

Question 30

Brandt's social reforms to education

Answer 30

300% increase in expenditure on education School leaving age raised to 16 Educational support Law

Question 31

Brandt's social reforms to pensions

Answer 31

Raised by 5% for people wounded in war Rasied by 16% for widows of German soldiers State pensions able to be accessed after 63

Question 32

Brandt's social reforms to healthcare

Answer 32

Medical exams for all children under 5 Early cancer detection in women under 35 and men under 45

Question 33

Brandt's social reforms to housing

Answer 33

Social housing budget increased by 36%

Question 34

Consequences of Oil crisis 1973

Answer 34

Had to pay DM17 billion more for imports Balance of payments went from surplus to $692 million within a year GNP fell from 5.3% to 0.4% by 1974 Unemployment rose from 1.2% to 4.7% 1973-75

Question 35

Gov support for private sector investment

Answer 35

DM7-8 billion in grants Public works contracts around DM1.1 bill to create jobs

Question 36

Growth rates average over course of 1980s

Answer 36

3.6%

Question 37

Unemployment by 1989

Answer 37

7.6%

Question 38

Inflation by 1986

Answer 38

Less than 1%

Question 39

Rise in exports 1985-89

Answer 39

DM73.4 bill to DM134 bill

Question 40

ECSC provided how many apartments

Answer 40

112,500

Question 41

ECSC trade in coal

Answer 41

Increased 10x

Question 42

FRG supplied goods to European partners

Answer 42

25% of chemical goods 23% of motor vehicles 14% of iron and steel

Question 43

Invested how much in other EEC states

Answer 43

DM56.7 billion in late 80s

Question 44

Increase in car ownership

Answer 44

2 million to 12.1 million 1950-65

Question 45

Average disposable income 1964

Answer 45

DM904 2/3 spent on essentials DM823 spent on private consumption

Question 46

Cost of living compared to uk

Answer 46

FRG - 107 UK - 133.3 1985=100

Question 47

Price rise FRG v UK

Answer 47

6% in FRG 24% in UK

Question 48

Number of employees in public sector

Answer 48

Rose 250%

Question 49

Older properties

Answer 49

90% lacked inside toilet or central heating in 1960 18% in 1983

Question 50

Home ownership

Answer 50

37.8% 1987