Sawaal
2
Q:

A large underground economy results in an

A) Understated GDP price index B) Understated GDP
C) Overstated GDP D) Overstated GDP price index

Answer:   C) Overstated GDP



Explanation:

A large underground economy results in an Overstated GDP. The underground economy is also called as Black market. It refers to illegal economic activity. Transactions in the underground economy are illegal either because the good or service being traded is illegal or because an otherwise licit transaction does not comply with government reporting requirements.

Subject: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO
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