This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The unreported or illegal production of goods and services in the economy that is not counted in GDP ... (Read 97 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ntsoane kedibone

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


RYAN BANYAN

  • Member
  • Posts: 563
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

projections of future oil production projections of future oil production
A woman in a net on a Congo shore. Although the importation of slaves was illegal after 1807, histor A woman in a net on a Congo shore. Although the importation of slaves was illegal after 1807, histor
Production-scale tangential flow filtration system. Production-scale tangential flow filtration system.
A Tough Economy ...for students A Tough Economy ...for students
Ecosystem goods and services and monetary values Ecosystem goods and services and monetary values
ATP Production in Cardiac Muscle ATP Production in Cardiac Muscle
Video: Multiple Sclerosis Animation

For a complete list of videos, visit our video library