Time to shrink the shadow economy

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. What are the consequences of the shadow economy?

  2. How can you put the shadow economy into context in terms of its worth?

  3. What in part drives the shadow economy?

  4. What is likely to exacerbate the informal economy in the future?

  5. What could make it more difficult for the shadow economy to grow?

  6. What is expected to have the biggest impact on the growth of the shadow economy?

  7. Why is informal activity in emerging economies expected to rise while global it will fall as a percentage of GDP?

  8. Whose responsibility did most respondents think it was to tackle the shadow economy?

  9. What can accountants do to help curb informal activity?

  10. How would you define the shadow economy?