What is black economy, economics, Microeconomics

Assignment Help:
Defining black economy,

If you pay your cleaner or builder in cash or for some reason neglect to tell the taxman which you were paid for a service rendered, you participate in the black or underground economy. Such kind of transaction transactions do not normally demonstrate up in the figures for GDP, so the black economy may mean which a country is much richer where the official data suggest. In the United States & the UK, the black economy includes an estimated 5-10% to GDP, in Italy, it may add 30%. In Russia, the late 1990s estimates of the black economy ranged as high as 50% of GDP.

Related Discussions:- What is black economy, economics

Applied Economics Homework Need Answers, Florida citrus mutual, an agricult...

Florida citrus mutual, an agricultural cooperative association for citrus growers in Florida, needs to predict what will happen to the price and output of Florida oranges under the

Economic models, the general characterictics of economic models,its limitat...

the general characterictics of economic models,its limitations and verification

Opportunity cost, meaning of opportunity cost under theory of cost

meaning of opportunity cost under theory of cost

Revenues, Ask qdescribe average and marginal revenue under imperfect compet...

Ask qdescribe average and marginal revenue under imperfect competitionuestion

#title.demand curve, Plot the demand schedule and draw the demand curve for...

Plot the demand schedule and draw the demand curve for the data given for Marijuana in the case above.

Explain socio economic development, Question 1: The socio economic deve...

Question 1: The socio economic development of Mauritius has been marked by growth cycles, representing different approaches adopted by Government to meet the internal as well

Growth of regional financial institutions, GROWTH OF REGIONAL FINANCIAL INS...

GROWTH OF REGIONAL FINANCIAL INSTITUTIONS: We find many levels of groupings of nations in the international arena. Groups of countries that share borders often have semi-perma

Assignment, static & dynamic multiplier of keynision theory

static & dynamic multiplier of keynision theory

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd