In March 2015, 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

This is an example of underground economic activity because gambling pools, especially those involving large amounts of money, are often illegal and therefore not reported in official economic statistics.

In March 2015, Many College Students Bet on the NCAA