Thank you, Chair, and thank you, gentlemen, for joining us today.
You're going to give me a little bit of education here. Reading through your report, on pages 12 and 13 we talk about potential output of the economy. I'm just looking at the sentence, “trend labour productivity is related mainly to the amount of capital per worker”—which I think is probably measurable—“and the pace of technological change”, and I don't know how you even measure that. I'm seeing the potential output and some small potential growth slowly coming back in 2009, 2010, and 2011. Then on the next page I have the pressures on the capacity of the economy.
Are we talking about the exact same thing, or are they two different concepts? Am I missing something on the difference between potential output and the economic capacity?