Which statement 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, meaning it is difficult to accurately assess its size and impact on the overall economy. The other options are not defining characteristics of the informal economy.

Which Statement Describes the Informal Economy