MULTIPLE CHOICE (identify the one best answer below and explain your reasoning for each option): The so-called ‘grey’ or ‘underground’ economy production is sometimes not included in the GDP calculation because: a.Many politicians smoke marihuana and do not want us to know about it. b.Workers like avoiding taxes when paid cash-in-hand. c.The associated transactions are not recorded so no reliable data exist. d.All of the above e.None of the above.

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