Multiple Choice
The size of underground economies differs across countries. In Greece it has been estimated to be as big as 30 percent of GDP, in Spain 25 percent, in Italy 20 percent, and in the United States, about 7 percent. Given this information, official GDP measures understate true economic activity the most in:
A) Greece.
B) United States.
C) Italy.
D) Spain.
Correct Answer:
Verified
Correct Answer:
Verified
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