The "underground economy" is also referred to as A. the informal sector. B. the net domestic product economy. C. the formal sector. D. the halfway economy.

Question

Business

Berg

28 August, 04:51

The "underground economy" is also referred to as A. the informal sector. B. the net domestic product economy. C. the formal sector. D. the halfway economy.

+1

Answers (1)

Know the Answer?

Kaylee Ortiz · Answer 1

Answer: Informal Sector.

Explanation: underground economy is also referred to as the informal sector, or the black market. The underground economy simply means the economic transactions that are considered illegal, either because the goods or services traded are unlawful in nature, or because transactions fail to comply with governmental reporting requirements. in developing countries for instance with large shadow economies, the uncollected tax revenue can dwarfed economic growth and hamper the creation of various public programs.