The size of underground economies differs among countries. in greece it has been estimated to be as big as 30% of gdp; in spain 25%; in italy 20%; and in the united states about 7% of gdp. given this information, official gdp measures understates true economic activity the least for which country?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The size of underground economies differs among countries. in greece it has been estimated to be as big as 30% of gdp; in spain 25%; in ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Suppose that the U. S. government began to pay for a portion of everyone's college education, and it paid for this by increasing taxes on business investment.
Answers (1)
For an imaginary economy, when the real interest rate is 7 percent, the quantity of loanable funds demanded is $500 and the quantity of loanable funds supplied is $500.
Answers (1)
Southeast u's campus book store sells course packs for $15.00 each, the variable cost per pack is $11.00, fixed costs for this operation are $300,000, and annual sales are 100,000 packs. the unit variable cost consists of a $4.
Answers (1)
A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
Answers (1)
Units-of-activity Depreciation A truck acquired at a cost of $215,000 has an estimated residual value of $13,400, has an estimated useful life of 48,000 miles, and was driven 3,800 miles during the year. Determine the following.
Answers (1)
New Questions in Business
If I swallow 3 tons of white liquid and ratika swallows only 7 kilograms who swallows more?
Answers (2)
Which of the following regarding preferred stock is true? the price in the market remains at par if the required rate of return increases, the price decreases if the price decreases, required rate of return has decreased if the required rate of
Answers (1)
Consider this scenario: a company that buys a sizeable amount of equipment for its manufacturing process needs to accurately report such expenditures, so it calls upon the services of financial auditors.
Answers (1)
Under the Uniform Commercial Code (UCC), a firm offer applies to: a. an unlimited, stipulated period of time. b. a written, signed offer by a merchant to buy or sell goods. c. a written, signed offer by anyone to buy or sell goods. d.
Answers (1)
The economic principle that states that individuals or nations can gain by specializing in the production of goods that they produce cheaply and exchanging for other desired goods that they could only produce at a higher cost is
Answers (1)