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Meanwhile, external debt represented 25.1% of GDP, debt servicing consumed the equivalent of 6% of goods and services, GDP per capita declined (despite net emigration rates of about 2%), and budget deficits held at about 2.5% of GDP.
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Health outlays depend on both the volume of services consumed, and their price.
The figures cover imported and domestically produced goods and services consumed in the UK as well as heating homes and fuelling household vehicles with fossil fuels.
It is also possible that the increase in the value of America's housing stock and hence the growth of shelter services consumed by owner-occupiers was overstated.
The problem with conventional inflation measures, such as the consumer-price index (CPI), is that they measure only the prices of goods and services consumed today.
Offshore production of goods and services consumed in the UK will mean the workers producing these goods and services – and creating the profits – will get little benefit from tax receipts in their country compared to the UK.
William Nordhaus, an economist at Yale University, has calculated that under 30% of the goods and services consumed at the end of the 20th century were variants of the goods and services produced 100 years earlier.
However a report due to be published soon by the Policy Exchange thinktank has measured the emissions generated by goods and services consumed by those countries and found that it has increased by more than 40%.
The amount of greenhouse gases linked to goods and services consumed by UK households, including emissions from the foreign manufacture of imported products, rose by 3% between 2012 and 2013, the most recent data shows.
It includes direct emissions, such as those that result from fossil-fuel combustion in manufacturing, heating, and transportation, as well as emissions required to produce the electricity associated with goods and services consumed.
The majority of the goods and services consumed in a market economy are private goods, and their prices are determined to some degree by the market forces of supply and demand.
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CEO of Professional Science Editing for Scientists @ prosciediting.com