MCQs > Finance & Management > Macroeconomics > True or False: The official measure of GDP understates the true level of national income because of the existance of the "shadow" or informal economy.

Macroeconomics MCQs

True or False: The official measure of GDP understates the true level of national income because of the existance of the "shadow" or informal economy.

Answer

Correct Answer: True

Explanation:

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