17 junho 2017

Egregious Economics

In 1987 Italy’s GDP was revalued to include the black market economy. No, I am serious, this really happened. The added economic might was so large, that Italy’s revalued economy instantly became the 5th largest in the world, and larger than the United Kingdom’s!  This was referred to as “il sorpasso,” or “the overtake”.

Related post

Nenhum comentário:

Postar um comentário

Related Posts Plugin for WordPress, Blogger...
eXTReMe Tracker
Designed ByBlogger Templates