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Wednesday, 16 March 1977

Mr HAYDEN (OXLEY, QUEENSLAND) -I ask the Treasurer: In relation to calendar year 1976, is it a fact that economic productivity increased by 2 to 3 per cent, inflation by 14.8 per cent and average weekly earnings by about 1 1.6 per cent? Does this mean that the average income earner lost about 3.2 per cent in real income and did not share at all in the productivity increase in the economy- that is, he was about $10.50 a week worse off in real comparative terms at the end of the year? Furthermore, was he required to make a contribution of more than $3 a week to the Medibank scheme?

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