Question

The annual cost of white-collar crime is __________ the annual cost of all conventional or street crime. much more than much less than about the same as unknown compared to

Answer 1

A 2013 study showed that while-collar crime in America costs roughly $600-750 billion per year, which is close to 5% of GDP. By comparison, other criminal offenses were estimated in a similar study to cost around $15B in economic losses, as well as incur about $180B in expenditure through law enforcement and the legal system. Thus this figure would amount to about $200B, making white-collar crime about 3x the cost impact of other crimes.