As a Result of ________, Large Amounts of Economic Activity

question 41

Multiple Choice

As a result of ________, large amounts of economic activity in India are not made official and the GDP figures of the country fail to tell the entire story of the economy.

• A) a large population
• B) unrecorded cash transactions
• C) deregulation
• D) nationalization
• E) closed totalitarianism

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Definitions:

Inflation Rate

A boost in the average pricing of goods and services across an economy over a distinct timeframe.

Diamond Rings

Jewelry pieces featuring diamonds set in a metal band, commonly used as tokens of engagement or marriage.

GDP Deflator

A gauge for the cost levels of all newly produced, domestic, consumable goods and services in a national economy.

CPI

Consumer Price Index; a measure that examines the weighted average of prices of a basket of consumer goods and services, typically used as an indicator of inflation.