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

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06-10-2017
Business

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

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elizaleewilliam elizaleewilliam · Answer 1 · 2017-10-06T16:54:54+02:00

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 · Answer 2 · 2017-10-06T18:23:01+02:00

brianluong00 brianluong00

06-10-2017

Yes, the US is an informal economy the government doesnt collect the taxes.

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