Egregious Economics

By: vivian on sábado, junho 17, 2017

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”.

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