Italy and Britain recalculate GDP to include sex trade and drugs.
Italian officials have not yet released their estimates on drug and sex trade, but treasury officials in that country told The Economist that its effects "will be negligible" and tracking their impact is "a difficult business."
I've heard over the years that the black market in Italy represents anywhere between 35% and 50% of GDP.
CNN asks if the U.S. should do the same.
Italian officials have not yet released their estimates on drug and sex trade, but treasury officials in that country told The Economist that its effects "will be negligible" and tracking their impact is "a difficult business."
I've heard over the years that the black market in Italy represents anywhere between 35% and 50% of GDP.
CNN asks if the U.S. should do the same.
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