To what extent are homemaking and child-rearing accounted for in the government's GDP accounts?
A)Not at all
B)Only to the extent that they are provided for pay
C)Only to the extent that taxes are paid on them
D)All homemaking and child-rearing are accounted for

Question

Quizplus · Accepted Answer

Homemaking and child-rearing are only included in the government's GDP accounts to the extent that these services are provided for pay, such as through daycare services or paid home care. Unpaid domestic work is not counted in GDP calculations.

To What Extent Are Homemaking and Child-Rearing Accounted for in the Government's