pickles613 pickles613
  • 06-10-2017
  • Business
contestada

Does the United States have an informal economy? Why or why not?

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elizaleewilliam
elizaleewilliam elizaleewilliam
  • 06-10-2017
Yes, an informal economy is not taxed or monitored by government and hence is not included in calculations for GDP and inflation. An example is the market for illegal drugs, amongst many others.

(Hope this helps!!!)
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brianluong00
brianluong00 brianluong00
  • 06-10-2017
Yes, the US is an informal economy the government doesnt collect the taxes.

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