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On average across the world the underground economy is worth about one-third of GDP one-tenth of GD one-quarter of GDP

On average across the world the underground economy is worth about one-third of GDP one-tenth of GD one-quarter of GDP

On average across the world, the underground economy is worth about

A. one-third of GDP.

B. one-tenth of GDP.

C. one-quarter of GDP.

D. one-half of GDP.

142.In the United States the underground economy has been valued at around:

A. 7 percent or 8 percent of GDP.

B. 2 percent or 3 percent of GDP.

C. 5 percent to 6 percent of GDP.

D. 9 percent to 10 percent of GDP.

143.The size of the underground economy is larger when:

A. the cost of doing business legally is high.

B. bribes are often necessary to cut through bureaucratic red tape.

C. taxes are extremely high.

D. All of these statements are true.

144.Negative externalities:

A. can be thought of as "negative output."

B. are final "goods" that do harm to people.

C. are not included in GDP.

D. All of these statements are true.

145.An example of a negative externality is:

A. pollution.

B. toxic waste disposal.

C. a nuclear power plant.

D. All of these are examples of negative externalities.

146.The Green GDP:

A. tries to capture the environmental effects regular GDP doesn't.

B. subtracts the environmental costs of production from the positive outputs normally counted in GDP.

C. values negative externalities.

D. All of these statements are true.

147.Which of the following measures can give some indication of the quality of life in an economy?

A. Child mortality

B. Literacy rates

C. Life expectancy

D. All of these are measures used to assess quality of life.

148.GDP per capita:

A. is highly correlated with quality of life.

B. is perfectly correlated with quality of life.

C. is loosely correlated with quality of life.

D. is negatively correlated with quality of life.

149.When maximizing economic growth is a country's goal:

A. it may work in opposition to the country's happiness in terms of satisfaction gained from leisure.

B. it increases the correlation to the country's happiness, because more money makes people happier.

C. it creates a perfect correlation to happiness, if the money is allocated fairly.

D. None of these statements is true.

abhinav behal 15-Feb-2020

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