Because of Transactions Which Take Place in the Underground Economy

question 121

Multiple Choice

Because of transactions which take place in the underground economy, the:

• A) GDP calculation tends to overstate the actual value of goods sold in the economy.
• B) GDP calculation tends to accurately portray the value of goods sold in the economy.
• C) GDP calculation tends to understate the actual value of goods sold in the economy.
• D) value of the GDP calculation will be equal to the value of the national income
• Calculation.

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Definitions:

Photosynthetic

Relating to the process by which green plants and certain other organisms use sunlight to synthesize nutrients from carbon dioxide and water.

Amoebozoans

A group of eukaryotic organisms, mostly comprising amoebas, that move and feed by means of pseudopodia, which are temporary projections of cytoplasm.

Plasmodial Slime Molds

A group of protists that form a large, single-celled, multinucleate mass during part of their life cycle.

Cellular Slime Molds

Organisms that live as single cells during one phase of their life cycle but can aggregate to form multicellular reproductive structures when food is scarce.