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40 per cent absolute terms accentuate regional agreements agriculture amount balance of payments billion kroner capital formation co-operation commodity Consumer prices credit policy current account dominant economic activities economic growth EEC area EFTA expansion financed fiscal budget fisheries foreign trade freeing of trade Government consumption gross domestic product Gross investment gross national product hydro-electric immediate post-war import of ships import prices income development income settlements indus industry interest rate Labour Party MAIN ECONOMIC DEVELOPMENTS mainly manufacturing Marshall Aid ment national budgets Northern Norway Norway was faced Norwegian balance Norwegian economic policy Norwegian exports Norwegian trade number of different onwards particularly physical controls Policy in Norway post-war period pre-war price level price subsidies private credit institutions problems public authorities reconstruction reduced Sea transport Second World situation slight surplus slightly stabilization line standard of living tive total employment total production tween wage increases wage-price spiral West European countries whaling