With regard to estimating a hypothetical country's nominal GDP in 2020 using the expenditure approach, consider the following scenario (all relevant economic activity and transactions take place within the bound- aries of the country): Suppose that in 2020, most of the country's goods and services were, according to the country's own laws, illegal both to produce as well as to consume. (Producers and consumers of these "illegal goods and services" never reported their production and consumption activities to the government.) The country's nominal GDP (measured using the expenditure approach) in 2020 O is likely less than the market value of all (Le, legal and ilegal) final goods and services that were newly produced in 2020. O equals the market value of all (i.e., legal and illegal) goods and services that were newly produced in 2020 is likely greater than the market value of all (le, legal and illegal) goods and services that were newly produced in 2020