If country A had a smaller underground economy than country B, and country A's citizens worked more hours per week than the citizens of country B, other things equal, then
A) GDP comparisons between the countries would overstate the economic welfare of country A compared to B.
B) GDP comparisons between the countries would understate the economic welfare of country A compared to B.
C) it is impossible to know which direction GDP comparisons between the countries would be biased as measures of the economic welfare of the two countries.
D) it would not introduce any bias in using GDP to compare economic welfare between the countries.
E) none of the above would be true.
Correct Answer:
Verified
Q167: Table 12-A Q168: Table 12-A Q169: Measures of well-being include: Q170: Exhibit 12-A Q171: Table 12-A Q172: Which of the following is false? Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)life expectancy.
B)infant mortality rates.
C)literacy
GDP - Expenditure Approach 
A)We do