Which of the Following Is NOT Correct About the Informal

question 41

Multiple Choice

Which of the following is NOT correct about the informal market of Brazil?

• A) It is estimated to be as large as 20 percent of the country's GDP.
• B) It is estimated to employ as many as 60 million people, all of whom work without benefits or contracts.
• C) It is estimated to cost the country as much as $70 billion annually in lost tax revenues.
• D) It has grown since the 1960s.
• E) The Brazilian government has made few attempts to decrease the size of its informal economy because of political expediency.

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Definitions:

Security Interest

A legal right or hold on assets that have been pledged as security, typically to ensure the loan is repaid.

Security Registration Legislation

Laws and regulations governing the registration and oversight of securities (stocks, bonds, etc.) to ensure transparency and protect investors.

Automobile

A road vehicle, typically with four wheels, powered by an internal combustion engine or electric motor and used for transportation.

Loan

A sum of money or other resources that is lent to an individual, organization, or entity, typically requiring repayment with interest.