Luc Harvey at the Environment and Sustainable Development Committee

On May 17th, 2007. See this statement in context.

May 17th, 2007 / 11:35 a.m.

Conservative

Luc Harvey Conservative Louis-Hébert, QC

During the study of Bill C-288, the projected cost was calculated at 8 billion dollars, not 100 billion dollars, which would amount to a 7.5% drop in GDP. Eight billion dollars amounts to about 0.5% of GDP, while 100 billion is thirteen times that much, or 7.5% of GDP.

What would a 7.5% drop in GDP represent?

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