Dissatisfaction with public school education has led many parents to try home schooling for their children.If parents reduce their work from a full-time to a part-time load in order to spend time teaching their children at home, how will this affect GDP?
A)GDP will stay the same.
B)Real GDP will increase and nominal GDP will decrease.
C)Both real and nominal GDP will increase.
D)GDP will decrease.

Question

Quizplus · Accepted Answer

If parents reduce their work from full-time to part-time in order to homeschool their children, their contribution to the workforce and GDP will decrease. As a result, GDP will decrease.

Dissatisfaction with Public School Education Has Led Many Parents to Try