Multiple Choice
The size of underground economies differs across countries.In Greece it has been estimated to be as big as 30% of GDP, in Spain 25%, in Italy 20%, and in the United States, about 7%.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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