A Black Economy Is Most Likely to Be Prevalent When

Multiple Choice

A black economy is most likely to be prevalent when

A) large amounts of economic activity are in the form of legally recorded cash transactions.
B) people engage in barter agreements to avoid paying taxes.
C) a country's GNI per capita exceeds $30,000.
D) the expenses of the government are less than its income.
E) a country is in trade surplus with another foreign country.