The Office Of National Statistics in the United Kingdom has recently decided to add the income produced by drugs and prostitution in the calculation of the GDP. For those who don’t know what the GDP is, here is a short description: It is the total value of all goods and services produced in a country, with the addition of all exports, and the difference of the imports. With this new addition of the “shadow economy,” the GDP will grow significantly.
Shadow Economy In The United Kingdom GDP
Infographic source: babesoflondon.com
Deprival Super-Reaction Syndrome And Investing. Part four of a short series on Charlie Munger’s Human Misjudgment Revisited. Charlie Munger On Avoiding Anchoring Bias Charlie Munger On The Power Of Prices The Munger Series - Learning . . . SORRY! This content is exclusively for paying members. SIGN UP HERE If you are subscribed and having an Read More