2. PRODUCTIVITY FACTOR (Increase in Gross Domestic Product)

In addition to the percentage increase in the CPI, an amount is added to allow for sharing in economic growth. (The Gross Domestic Product is now used as the main aggregate for measuring Canada's economic development.)

Note: In its August 2002 report, the BMO Financial Group reported an expected 3.8 percent real GDP growth in the Alberta economy for 2002, a forecast (BMO Nov. 02) 4.8 percent real GDP growth for 2003, and a 4.3 growth for 2004.