Macroeconomics 5th Edition by Olivier Blanchard

تمرين 8

Measured and true GDP Suppose that instead of cooking dinner for an hour, you decide to work an extra hour, earning an additional $12. You then purchase some (takeout) Chinese food, which costs you $10.
a. By how much does measured GDP increase
b. Do you think the increase in measured GDP accurately reflects the effect on output of your decision to work Explain.