And, that comparative advantage has been strengthened by the decline in the Canadian dollar in the past couple of years—a symptom of falling resource prices, and a facilitator of the rotation of growth from resource production to other sectors. Filling the hole So, how can we fill the economic hole I spoke of earlier?
If this sample of the population votes in equal numbers for this year's menu and for that available five years ago, one can conclude that prices have been stable over the five-year period. If the majority vote is for the earlier menu of goods and services, one can conclude that prices have risen, or that the utility value of the $ has decreased.