3 years ago

The existence of the underground economy causes gross domestic product (gdp) statistics to _____

1 answer:

6 0

The existence of the underground economy causes gross domestic product (gdp) statistics to understate the true volume of economic activity. An underground economy unrecorded and untaxed economic activity by the government. An underground economic is also known as the black market. Gross domestic product also know as GDP is the total value of goods and services provided in a country during one year.

You might be interested in

Welfare economics is the study of Select one: a. taxes and subsidies. b. how technology is best put to use in the production of

icang [17]

Answer:

Correct option is (d)

Explanation:

Welfare economics deals with the study of distribution of resources affect the overall welfare of the society and economy as a whole.

It is a part of economics that studies the role of government in aligning policies for the welfare of the society and ensuring that every section of the society is equally developed.

The concept was developed as inequality in distribution of wealth and resources was observed across different sections of the economy. Poor was becoming poorer and rich, becoming richer. This hampered overall growth of the economy, thereby giving birth to welfare economics.

7 0

3 years ago

A supermarket places its store brand of blackberry jam priced at $5 per jar in the fruit preserves aisle, alongside the jam jars

soldier1979 [14.2K]

Raising the prices of their jam after people start buying it because they will want that jam no matter the price if they even relize it has gotten more expensive

6 0

4 years ago

Which tax is specifically charged on real estate?

astra-53 [7]

Answer:

Property tax assessment

Explanation:

Under construction propertiesare taxed at 12%

From my according

8 0

3 years ago

You bought a stock for $28.29 and sell it for $35 after four years. What was the true annual rate of return (compounded)