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+--- Thread: How would efforts to count g&s in the underground econ. affect GDP? (/thread-111752.html)
How would efforts to count g&s in the underground econ. affect GDP? - Emily - 03-20-2014 12:02 PM
Can someone explain to me how government efforts to count goods and services affect our calculation of GDP?
the question is just confusing to me, I want to say that it would increase GDP because it would account for more income and expenditure, but how can you accurately count markets that are not taxed/recorded?
can someone help?
- Anjaree - 03-20-2014 12:11 PM
That why they will not count, but accept the loophole of GDP to measure the real economy. Since GDP has many loopholes such as informal sector, homemaker, environmental cost, social cost etc. Drug dealing or human trafficking is just only a part of it. The way out in economics is to use other indexes together with GDP such as HDI.
- Mukesh - 03-20-2014 12:18 PM
You don't have to and gov, need not count.
that's the market either you kill or do not acknowledge.