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The Size of Underground Economies Differs Across Countries

question 102

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The size of underground economies differs across countries. In Greece it has been estimated to be as big as 30 percent of GDP, in Spain 25 percent, in Italy 20 percent, and in the United States, about 7 percent. Given this information, official GDP measures understate true economic activity the most in:


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The proportion or percentage of attempts that achieve a specified outcome or measure of success.

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A measure of the amount of people who take part in a particular activity or event in relation to the total number of people eligible or expected to do so.

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