op ed response for economics 302
I have to write an OP ED response for economics 302. I have attached the assignment criteria and here is the link to the op ed
https://fee.org/articles/gdp-
20190129001308op_ed_response_assignment (1)
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According to Herbert, 2014, Italy started counting its GDP figures differently and garnered the perception that it was no longer facing an economic recession. By including illegal revenues, the country’s economy boosted the gross product domestic figures. While the politicians celebrate, the perceptions are more different in reality given the fact that these activities have been in existence (Herbert, 2014). With their current perception, the country is merely avoiding economic recession on paper that is counting the illegal activities as being productive that they were previously.
(303 words)