The size of underground economies differs across countries. In Greece it has been estimated to be as big as 30 percent of GDP, in Spain 25 percent, in Italy 20 percent, and in the United States, about 7 percent. Given this information, official GDP measures understate true economic activity the most in:

Question

Quizplus · Accepted Answer

Greece has the largest estimated underground economy as a percentage of GDP (30%), indicating that its official GDP measures would understate true economic activity the most compared to the other countries listed.

The Size of Underground Economies Differs Across Countries