DATA DESCRIPTION AND SOURCFS
Chart l: Canada-United States Economic Performance,
1947-1970
A(l) Output — Constant dollar GNP
The chart shows percentage differences in the level
of real output away from its lonq~term trend. For
example, had the Canadian economy been growing at a
steady 4.9 percent per annum since 1947, then constant
dollar GNP would have been $63,910 million in the 3rd
Quarter of 1970. In fact, it was $62,944 or some
$966 million (1.5 percent) below trend. The 1.5
percent is shown on the chart.
Source: DBS 13-001, National Income and Exgenditure
Accounts ‘
U.S. Font. 0? Commerce, Survey of Current
» Business
A(2) Prices – GNP Price lndex
This series represents the average movement of prices
for all goods and services —— not just consumer goods.
The line shows differences in the level of prices
from their lonq—term trend. For example, had the
average price of the national output been rising at a
steady 2.6 percent per annum since 1947, then the GNP
price index would have been 122.9 in the 3rd Quarter
of 1968, which is almost what it was. By the 3rd
Quarter of 1970, the index in fact reached 133.7
relative to a trend value of 129.5. The difference,
which is 3.3 percent above trend, is shown on the
chart.
Source: Same as for All)
A(3) Unemployment Rate
The series for both Canada and the United States is
the quarterly average of seasonally adjusted monthly
data. The monthly data in Canada do not go back
before 1953.
Source: DBS 71-001, Labour Force
U.S. Dept. of Commerce, Survey of Current
Business
Chart 2: Canada—United States Economic Performance, l968—l97O
B(l) Output — Constant dollar GNP
Real output is shown as the percentage increase from
the same quarter one year ago. The 4th Ouarter 1970
figure for Canada is not yet available. The point on
the chart for that quarter was estimated from related
information on output and expenditure.
Source: Same as A(1)

DATA DISCRIPTION AND SOURCES (Cont.)
B(2) Prices – Consumer price index
The All—Items Consumer Price Index is shown as the
percentage increase from the same quarter one year
ago.
Source: DB5 62-002, Prices and Price Indexes
U.S. Dept. of Commerce, Survey 92 Current
Business
B(3) Unemployment Rate
The chart shows the quarterly average of seasonally
adjusted monthly rates. In both countries, the data
is collected by household surveys.
Source: Same as A(3)
Economic Expansion Patterns: 1953-1956, 1959-1962, 1969-1971
C(l) Output – Constant Dollar GNP
Line shows percent differences from the long—term
trend in constant dollar GNP.
Source: Same as A(l)
C(2) Unemployment Rate
Line shows quarterly average of seasonally adjusted
monthly rates.
Source: Same as A(3)
C(3) Productivity
Line shows percent differences from the long-term
trend in constant dollar GNP per employed person.
Over the 18-year period since 1953, the average gain
in the measure of productivity has been 2.3 percent
per annum.
Source: DBS l3-001, National Income and Exgenditure
Accounts
DBS 71-001, Labour Force
Economic Analysis Division
Department of Finance

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