The unreported or illegal production of goods and services in the economy that is not counted in GDP is termed:

Question

Quizplus · Accepted Answer

The underground economy refers to the unreported or illegal production of goods and services that is not included in GDP. Money laundering refers to illegal activities related to concealing the origins of illegally obtained money. Disposable personal income refers to income available to households for spending or saving after taxes have been paid. Indirect national income is not a commonly used economic term.

The Unreported or Illegal Production of Goods and Services in the Economy