Order the answer to: In recent decades, women have worked more hours in paid

Assignment Help business economics Order the answer to: In recent decades, women have worked more hours in paid

business economics

Order the answer to: In recent decades, women have worked more hours in paid

Question In recent decades, women have worked more hours in paid jobs and fewer hours in unpaid housework.
a. How would this increase in work hours affect GDP?
b. Explain why this increase in measured GDP will overstate the true increase in output. Also explain how a set of augmented national accounts which includes home production would treat this change from nonmarket work to market work.
c. Explain the paradox, “When a person marries his or her gardener, GDP goes down.”
Subject business economics
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