What is black economy, economics, Microeconomics

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

Theory of multiplier, income generation in a static and dynamic setting

income generation in a static and dynamic setting

Dialectic inquiry, Dialectic Inquir y It is a technique for gr...

Dialectic Inquir y It is a technique for group decision making in which members are forced to "debate" both sides of a matter. Dialectic inquiry forces consideration o

Describe the theory of effective demand, Q. Describe the Theory of effectiv...

Q. Describe the Theory of effective demand ? Effective Demand:Theory of effective demand was developed separately in the 1930s by Michal Kalecki andJohn Maynard Keynes. It eluc

Economic champter 1, provide 3 examples of 1210 billionares in the world fa...

provide 3 examples of 1210 billionares in the world face scarcity

Microeconomics, 1. By using the Production possibility Curve (PPC), analyze...

1. By using the Production possibility Curve (PPC), analyze the microeconomic theories such as scarcity, choices and opportunity costs. Provide relevant graph with numerical exampl

Describe positive and a negative externality, 1). Define and explain the co...

1). Define and explain the concept of an externality. Provide examples of both positive and a negative externality. 2). The Prisoner's Dilemma Exercise:

Profit after tax, #queIn a particular year, an organization earns cash reve...

#queIn a particular year, an organization earns cash revenues of Rs. 2,00,000. Total material and labour expenses are Rs. 1,09,000. The depreciation claimed on the equipment is Rs.

Determine the returns to scale, Determine the Returns to Scale Use the f...

Determine the Returns to Scale Use the following production function and budget constraint to answer the questions below. Q = L + K 1000 = 2L +

Perfect competition, equilibrium price and output.

equilibrium price and output.

Externalities, Types of externalities

Types of externalities

Write Your Message!

Name

Email id

Message

Verfication Code

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!

Submit Assignment

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