We account for non-market and non-reported activities in the world economy by making a reasonable guess of their size and adding them to the official GDP statistics.

Question

Quizplus · Accepted Answer

Non-market and non-reported activities are not directly included in official GDP statistics because they are difficult to measure accurately. Instead, estimates and adjustments may be made in some cases, but they are not simply added to the GDP as precise values.

We Account for Non-Market and Non-Reported Activities in the World