Thank you.
Mr. Page, I would like to go back to the issue raised by Ms. Glover, regarding the employment-related projections from your report. I am trying to summarize what you seem to be saying in your report. Please let me know whether I have understood correctly and correct me if not.
There are two main austerity measures in the budget—budget cuts, as announced, and a freeze on operating budgets. As those are austerity measures, stimulus measures will promote economic growth directly and indirectly. Austerity measures—those two in particular—will lead to a drop in economic growth. That drop can be calculated using multipliers. You mentioned a multiplier provided to you by the Department of Finance. Some multipliers are more well-known than others. I know that, if a dollar is injected into the infrastructure, economic growth increases by $1.60. If corporate taxes are reduced by $1, only 35¢ is generated in economic growth in the short term. You use another line to evaluate the loss of economic growth using that multiplier. You even went as far as to convert those figures to jobs. Have I understood correctly?