Which of the following describes the informal economy?
A) It is largely unmeasured.
B) It does not include transactions dealing with illegal goods and services.
C) It does not include income earned by undocumented residents.
D) It accounts for 20% of U.S. GDP.

Question

Quizplus · Accepted Answer

The informal economy is largely unmeasured because it includes unreported income from the production of goods and services, whether legal or illegal, that escapes taxation and regulation.

Which of the Following Describes the Informal Economy