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The rest consist of raw materials, fuels, and capital goods. The rate of reinvestment has been very high in Norway for a number of years. This is illustrated by the fast rising of building and construction industries. Even faster growth had been registered in the commercial and service occupations.
Total tax revenues are equivalent to about half the gross national product, most of this represents transfers of income and that it is returned to the private sector in the form of price subsidies, social insurance benefits and the like of...
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All this has played parts in the economic problem of inflation, but increases in productivity have made it possible for a high rate of growth in real income.
The strongly centralized trade unions and employer associations respect one another as well as government guidelines, and this helps to control the rapidly expanding economy...
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