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Should drug deals and prostitution be included in GDP?
Britain will see a boost in measured economic activity later this year when activities previously never measured — specifically, drug dealing and prostitution — are incorporated into the measure. Britain is making the change to fall into line with its European neighbors. In the Netherlands, for example, some drugs like marijuana are decriminalized and prostitution is legal and regulated. The European Union wants all countries to include the same activities in the measure, so that GDP numbers for different countries are fairer comparisons. At first the changes will only include U.K. production of cannabis, drug ... (full story)
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