Economics A-Level
Informal economy
What Informal economy means in Economics A-Level, as defined for AQA.
Definition of Informal economy
Check what you remember
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Reference: AQA
A hidden part of the economy whose size varies significantly between countries and affects statistical accuracy.
Topics that use Informal economy
- Uses of national income data (AQA A-Level)
Related terms
- Income distribution
- International comparisons
- Living standards
- Negative externalities
- Purchasing Power Parity
- Purchasing power parity (PPP) exchange rates
- Real GDP per capita
- Market exchange rates
Using Informal economy in the exam
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