The unreported or illegal production of goods and services in the economy that is not counted in GDP is termed:
A) money laundering.
B) the underground economy.
C) disposable personal income.
D) indirect national income.
E) unreported capital consumption.
Correct Answer:
Verified
Q21: The three components of personal consumption expenditures
Q22: The market value of all final goods
Q24: GDP includes:
A) the negative attributes from erosion
Q26: Gross domestic product (GDP)does not include:
A)used goods
Q29: Gross private domestic investment includes business
A)purchases of
Q29: Gross private domestic investment or simply business
Q31: Consumption spending includes:
A) durable goods, nondurable goods,
Q33: Personal consumption expenditures include:
A) all commodities that
Q35: Which of the following activities would be
Q48: The largest component of GDP is:
A) personal
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