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Tidy Tidy
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8 years ago
Which of the following statements about the underground economy is true?
A) The underground economy in developing countries amounts to less than 10% of measured GDP.
B) Most transactions that occur in the underground economy are included in the calculation of GDP.
C) Excluding underground economy production from measured GDP causes errors in GDP growth estimates in the long run.
D) Income that is earned but not reported as income for tax purposes is included in the calculation of GDP.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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Chimelo46Chimelo46
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8 years ago
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8 years ago
It was nothing, thanks for updating us.
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