Multiple Choice
Which of the following will lead to GDP underestimating our true output?
A) Mary begins a catering business.
B) James begins drawing Social Security benefits upon his retirement.
C) David accepts a position as a software specialist at Microsoft.
D) Gretchen begins an accounting and bookkeeping service in her home, accepting cash as payment, which is not reported to tax authorities.
Correct Answer:
Verified
Correct Answer:
Verified
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