1. Why do you think economists focus on just a few key statistics when trying to understand the health and trajectory of an economy? Do you think it would be better to try to examine all of the possible data? Why or why not?

  2. The Underground Economy is a Percentage of GDP for Selected Nations. Please refer to the graph provided below for Shadow Economies, which is another word for Underground Economies. After looking at the graph, pick one of the countries represented. Research the underground or shadow economies present in this country and choose one of interest to explain to the class in detail. Please make sure to include in your post the name of the country, the type of underground economy you selected, and how this underground economy impacts the GDP of your selected country due to the (1) extent and complexity of country regulations, (2) the type and degree of taxation, and/or (3) the effectiveness of law enforcement on the underground economy. Please make sure to cite your resources!

  • 01/04/2017
  • 16
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