Does this lead to a misleading comparison between countries comparing Australia and India?
Goods and services that are sold in black markets such as illegal drugs are generally not included Show more Goods and services that are sold in black markets such as illegal drugs are generally not included in GDP. a Does this lead to a misleading comparison between countries comparing Australia and India? Explain. b Should these activities be included as a positive or negative in GDP? c Australias underground economy is estimated at 13% of GDP while Thailands is estimated at 54% of GDP. Do you think these figures should change the rankings of the countries in the Human Development Index? Why or why not? Show less
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