CCPA Canadian Centre for Policy Alternatives The Canadian Centre for Policy Alternatives is an independent, nonprofit research institute funded primarily through organizational and individual membership. It was founded in 1980 to promote research on economic and social issues from a progressive point of view. The Centre produces reports, books and other publications, including a monthly magazine. It also sponsors lectures and conferences.

GDP Gross Domestic Product. See here for Canada’s gross domestic product at basic prices by industry (monthly). From October 2005 to October 2006 the figure nationally is $1.7 for all industries, $2.5 for health and -3.7 for manufacturing. The monthly gross domestic product (GDP) by industry data are chained volume estimates with 1997 as their reference year. This means that the estimates for each industry and aggregate are obtained from a chained volume index multiplied by the industry’s value added in 1997. “For the period 1997 to 2003, the monthly estimates are benchmarked to annually chained Fisher volume indexes of GDP obtained from the constant-price input-output tables. For the period starting with January 2004, the estimates are derived by chaining a fixed-weight Laspeyres volume index to the prior period. The fixed weights are the industry output and input prices of 2003. This makes the monthly GDP by industry estimates more comparable with the expenditure-based GDP data, chained quarterly. With this release of monthly GDP by industry, revisions have been made back to January 2006. For more information about monthly GDP by industry, see the National economic accounts module on our website (http://www.statcan.ca/nea).” My question is where do pharmaceuticals get counted, in manufaturing or health care? Where are they categorized?

Net Worth The national balance sheet accounts are statements of the balance sheets of all of the various sectors of the economy. They consist of the non-financial assets owned in the various sectors of the economy and of financial claims outstanding.National wealth is the sum of non-financial assets – produced assets, land surrounding structures and agricultural land – in all sectors of the economy. National net worth is national wealth less net foreign liabilities (i.e., what is owed to non-residents less what non-residents owe to Canadians). Alternatively, it is the sum of the net worth of persons, corporations and governmentsNational saving is the sum of saving of persons, corporations and governments. National saving and investment contribute to change in national net worth. The revaluation of assets and liabilities is also responsible for change in national net worth. The causes of revaluation include change in share prices, interest rates, exchange rates and loan allowances. For more information on national saving and the relationship between saving in the different sectors of the economy, see the publication Trends in Saving and Net Lending in the National Accounts, no. 49 (13-604-MIE, free). Quarterly series run from the first quarter of 1990. Market value estimates have been available since June 2004. For more information, consult Balance sheet estimates at market value. An annual measure of national wealth that includes selected natural resources is also available (CANSIM table 378-0005). The estimates of natural resources are released annually at the time of the fourth quarter.

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