In March 2011 many college students bet on the NCAA finals in dorm gambling pools.This is an example of
A) real vs.nominal GDP.
B) the assumed value of household production.
C) underground economic activity.
D) the implicit value of leisure time.
E) a "bad" versus a "good."

Question

Quizplus · Accepted Answer

Gambling in dorms is an example of underground economic activity, as it is not legal and therefore not accounted for in official economic data.

In March 2011 Many College Students Bet on the NCAA