Multiple Choice
Some economic activities escape measurement in the GDP. This underground economy involves activities that are unreported to the government and are therefore not counted in the GDP. Which of the following is not an example of this underground economy?
A) Illegal drug transactions
B) Illegal gun transactions
C) Unreported income tax
D) A waiter's correctly reported tips
Correct Answer:

Verified
Correct Answer:
Verified
Q31: The _ consists of the decisions of
Q32: The principle of comparative advantage suggests that
Q33: Today, almost one-quarter of the world's total
Q34: The labor market largely determines where people
Q35: The capital market refers to money made
Q37: Ideal conditions for a market operation include
Q38: Explain why America's corporate and financial institutions
Q39: U.S. firms that dominated the domestic market
Q40: On the whole, the private enterprise economy
Q41: Consumers decide what should be produced by