ABSTRACT
In the preceding part of this treatise we have placed the issue of an increased per capita output of goods and services at the centre of our general problem. A sustained rise of average living standards in a given country is dependent on the rise of the average real income, and the latter again on the rise in real net output of that country. This is the central relationship which cannot be decisively affected by qualifying factors such as inequality in the distribution of national income, or by temporary diversions in its flow, in times of emergency, towards purposes of national defence.
