Multiple Choice
Which of the following is not true regarding the informal economy?
A) Informal market activities tend to be paid under the table.
B) Informal market activities are not reported to the government for tax purposes.
C) Informal market activities do not contribute to the standard of living of citizens.
D) Countries with large informal economies have total output that is less than their official GDP statistics.
Correct Answer:
Verified
Correct Answer:
Verified
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