I think this will probably be my last question because I’m almost finished.
In Higgs article on Wartime Prosperity he has a table 2(page 6 in the pdf) where he has several numbers for Real Gross National Product. To take Kuznets numbers as an example, it says that in that in 1939 the number is 100 and by 1943 the number is 148.6.
A)What does this index number mean? Because surely this is not GDP growth correct?
B)What does this 50% increase from 1939 to 1940 mean?