Unit 2: Problems with measuring GDP

One issue normally raised is the problem of the informal, or black, economy


It seems the ONS is trying to include some of that unrecorded activity, according to Sky




http://news.sky.com/story/1271385/drugs-and-prostitution-worth-10bn-annually


and the Guardian
http://www.theguardian.com/news/datablog/2014/may/29/drugs-and-prostitution-contributed-almost-10bn-economy-in-2009


and this tutor2u summary
http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-sex-and-drugs-included-in-measured-uk-gdp
and the BBC
http://www.bbc.co.uk/news/blogs-magazine-monitor-27627132#
and tutor2u
http://www.tutor2u.net/blog/index.php/economics/comments/the-value-of-drugs-and-prostitution?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:15:17:00Z