One day, the National Crime Agency received information that a tugboat


All
Science and technology
Travel
Lifestyle
World
Explore
Stories
Funny stories
Health
Entertainment
Culture and Art
Learning
Economy
Sport
Animals
Politics and Society
Natural world
Food and drink
General
Setting
Illegal Drugs and the GDP, Explained
One day, the National Crime Agency received information that a tugboat
sailing off the coast of Scotland might be carrying drugs.
They sent out a low - flying plane to find it.
Then, a Royal Navy warship and a large Border Force ship to intercept it.
Below deck, hidden in a tank, they found 3. 2 tonnes of cocaine, worth 512 million pounds.
It was the biggest ever seizure of Class A drugs in UK history.
Good news for the government, you might think.
But in terms of how we measure the economy, this was actually bad news.
Sales of illegal drugs like cocaine are counted towards our GDP, or Gross Domestic Product,
the main way the government measures how well the economy is doing.
So that tugboat getting intercepted meant lower GDP.
But governments want GDP to go up - what they call " economic growth ".
To calculate GDP, we count everything that 's made in the UK, minus what we put into making it.
So, if a coffee shop sells 100 pounds worth of cups of coffee,
but spent 10 pounds on buying the coffee beans to make it,
their contribution to GDP would be 90 pounds.
One day, the National Crime Agency received information that a tugboat
One
a
the
that
day
information
received
National
Agency
Crime
tugboat
sailing off the coast of Scotland might be carrying drugs.
be
the
of
off
might
sailing
Scotland
carrying
drugs
coast
They sent out a low - flying plane to find it.
a
to
They
it
out
plane
low
find
flying
sent
Then, a Royal Navy warship and a large Border Force ship to intercept it.
and
a
large
to
it
ship
Then
Royal Navy
warship
Border Force
intercept
Below deck, hidden in a tank, they found 3. 2 tonnes of cocaine, worth 512 million pounds.
a
in
they
found
of
worth
million
pounds
deck
hidden
tank
cocaine
tonnes
Below
It was the biggest ever seizure of Class A drugs in UK history.
in
the
of
was
It
history
ever
biggest
UK
drugs
Class A
seizure
Good news for the government, you might think.
you
for
the
think
might
government
Good news
But in terms of how we measure the economy, this was actually bad news.
the
we
this
was
how
But
bad
actually
news
measure
in terms of
economy
Sales of illegal drugs like cocaine are counted towards our GDP, or Gross Domestic Product,
are
like
our
of
or
towards
counted
drugs
Sales
Gross
illegal
GDP
cocaine
Domestic
Product
the main way the government measures how well the economy is doing.
is
the
how
way
doing
well
main
economy
government
measures
So that tugboat getting intercepted meant lower GDP.
that
getting
So
meant
lower
GDP
tugboat
intercepted
But governments want GDP to go up - what they call " economic growth ".
go
to
they
want
what
But
up
call
economic
growth
governments
GDP
To calculate GDP, we count everything that 's made in the UK, minus what we put into making it.
in
the
that
we
everything
it
made
what
put
into
's
making
count
To
UK
calculate
GDP
minus
So, if a coffee shop sells 100 pounds worth of cups of coffee,
coffee
a
of
coffee shop
So
if
worth
sells
pounds
cups
but spent 10 pounds on buying the coffee beans to make it,
coffee
the
on
to
it
make
beans
but
buying
spent
pounds
their contribution to GDP would be 90 pounds.
be
to
would
their
pounds
GDP
contribution
Todaii English is a website for learning and reading English news integrating other features such as dictionary, practice, mock test, ...
https://todaiinews.com
todai.easylife@gmail.com
(+84) 865 924 966
315 Trường Chinh, Khương Mai, Thanh Xuân, Hà Nội