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In recent decades, women have worked more hours in paid jobs and fewer hours in uppaid housework. Explain how this increase in work hours affect GDP...
In recent decades, women have worked more hours in paid jobs and fewer hours in uppaid housework.a: Explain how this increase in work hours affect GDPb: Expalin why this increase in measured GDP will overstate the true increase in output. Also explain how a set of augmented national accounts in 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.”