The size of the underground economy as a percentage of GDP is larger in Australia than in poorer countries such as Zimbabwe.

Question

Quizplus · Accepted Answer

This statement is false. The size of the underground economy as a percentage of GDP is typically smaller in developed countries, like Australia, compared to developing or poorer countries due to greater government regulation and enforcement. Zimbabwe, being a developing country, is likely to have a larger underground economy relative to its GDP compared to Australia.

The Size of the Underground Economy as a Percentage of GDP