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But who wants to know that resource productivity is equal to the level of GDP divided by material consumption?
And Britain once again has a higher level of GDP per capita level than its old European rivals.
Britain is still more than 4% below the level of GDP recorded in 2007 and about 12% below the trajectory set before the financial crisis.
Combined with other changes to the national accounts from September, £33bn or 2.3% will be added to the 2009 level of GDP, the ONS said.
It said today that it has calculated that the VAT increase to 20% from 17.5% in January would reduce the level of GDP in 2011/12 by 0.3%.
A country with a higher level of GDP per capita is considered to be better off in economic terms than a country with a lower level.
Firstly, when using a time series unit-root test as proposed by Dickey-Fuller (1979), econometric findings revealed that taxes and level of GDP are not static.
But talk of an "economic miracle" looks equally far-fetched.In absolute living standards, measured by the level of GDP per head, Britain's performance is again middling.
In a v-shaped recovery, the old peak level of GDP is quickly reached, and the economy returns to trend within a year or two.
But quite what level of GDP is needed to foster such job creation is uncertain, especially as labour-intensive services come to dominate the city's economy.
The World Bank estimates that a 1% increase in a country's infrastructure stock is associated with a 1% increase in the level of GDP.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com