Sheila charges $100 to proof term papers for other college students. She does not declare this income on her tax return. Sheila is part of the informal economy.

Question

Quizplus · Accepted Answer

The informal economy includes economic activities that are not reported to the government and therefore not taxed or monitored by any form of government. Sheila's undeclared income from proofing term papers falls into this category.

Sheila Charges $100 to Proof Term Papers for Other College