Author Question: The unreported or illegal production of goods and services in the economy that is not counted in GDP ... (Read 43 times)

RYAN BANYAN · **on:** Jun 30, 2018

The unreported or illegal production of goods and services in the economy that is not counted in GDP is termed:
a. money laundering.
b. the underground economy.
c. disposable personal income.
d. indirect national income.
e. unreported capital consumption.

Question 2

Which of the following activities would be calculated as part of GDP accounts?
a. Drug trafficking.
b. Money laundry.
c. Prostitution.
d. Purchasing plastic surgery.
e. Burglary.