Which of the following is true about underground economies?
A) Underground economies represent a greater percentage of GDP in developing countries than in developed countries.
B) Higher taxation and labor regulation are reasons why we see more underground activities.
C) The underground economy includes legal activities that are concealed for the purpose of tax evasion.
D) all of the above
Correct Answer:
Verified
Q85: Depreciation is:
A)income earned but not received.
B)an allowance
Q86: If the GDP deflator increases from one
Q87: If real GDP increased by 2% and
Q88: If real GDP increased by 2% and
Q89: In 2011, U.S. GDP totaled approximately:
A)$2.1 trillion
B)$2.8
Q91: If nominal GDP increased from $5,000 billion
Q92: Household income after taxes is called:
A)national income.
B)gross
Q93: If real GDP increased by 2% and
Q94: Real GDP is:
A)the base year market value
Q95: GDP that has been adjusted for changes
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