Which of the following is an example of a transaction taking place in the informal economy?

Name: Which of the following is an example of a transaction taking place in the informal economy?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A transaction in the informal economy typically involves activities that are not reported to the government and thus evade taxation and regulation. The example of a housekeeper being paid in cash and not reporting her income fits this description, as it likely involves no formal record or tax contribution.

Which of the Following Is an Example of a Transaction