
When interpreting government statistics, we must be careful and remember all of the following except:
A) Official unemployment data overestimate true unemployment.
B) When the underground economy grows more rapidly than the rest of the economy, the true rate of growth is higher than reported.
C) Official income statistics understate the true national income.
D) We will never know the true size of the underground economy.
E) None - all of these are true.
Correct Answer:
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Q32: Which of the following statements about seasonal
Q33: The underground economy
A) includes those who collect
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Q35: The official unemployment rate is the number
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Q38: In the official labor statistics, discouraged workers
Q39: If stock (market) prices are a leading
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Q41: Which of the following would tend to
Q42: There will be _ pressure on wages
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