Which of the following jobs most closely illustrates the informal economy?
A) a used-book vendor on the streets of New York City
B) a secretary at a multinational paper manufacturer based in Los Angeles
C) a sociology professor in Detroit
D) unionized garbage workers in the northeastern United States

Question

Quizplus · Accepted Answer

A used-book vendor on the streets of New York City is more likely to be part of the informal economy, which includes unregulated and untaxed activities that are not reflected in official economic statistics. The other options are part of the formal economy, with established businesses, organizations or government entities that are closely monitored and regulated.

Which of the Following Jobs Most Closely Illustrates the Informal