macro 1024 web - 1 What is the Underground Economy The underground economy refers to illegal economic activity Transactions in the underground economy

macro 1024 web - 1 What is the Underground Economy The...

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1. What is the Underground Economy? 2. Why does the existence of the Underground Economy distort the GDP figures?
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  • Fall '16
  • Economics, gross domestic product, Informal economy, Unreported employment

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