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The following article contains a good discussion of the underground economy.
The following article contains a good discussion of the underground economy. In light of the underground economy, and other shortcomings of using GDP as a measuring rod, do you think the government should include estimates of the underground economy in its GDP calculations? http://www.washingtontimes.com/news/2009/dec/09/new-underground-economy/Think about our economy. Irrespective of economic conditions, we consume many goods and services in various quantities. There is a constant allocation and re-allocation of resources. How does this happen? What economic mechanism helps allocate resources to the preferences of hundreds of millions of people?
