Solved: How would you treat the activities of criminals in gdp, Microeconomics

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How would you treat the activities of criminals in gdp

1. How would you treat the activities of criminals in GDP accounting? What about the ac- tivities of the police force?

2. The Beatles claimed that "I don't care too much for money, money can't buy me love." (Shortly after ?rst making this claim they joined the ranks of the richest people in the world.) Does their claim undermine the use of GDP to measure welfare?

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Microeconomics: How would you treat the activities of criminals in gdp

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