Economic Growth

Where (Previously) Illegal Activities Gave the GDP New Highs

the GDP and marijuana
Comments (2)
  1. Rick Shapiro says:

    Legality/illegality is one aspect of a very general phenomenon. The decision of a subsistence farmer to sell his crop and to buy his food also increases GDP (and diverts some revenue into taxes. Similarly for outsourcing household and childcare chores.

    1. Elaine Schwartz says:

      Thanks, Rick!

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