Why might a homemaker be upset with the way Gross Domestic Product (GDP) is calculated?
A) Because the government always underestimates the dollar value of the household services produced at home and outside the market that are included in the Gross Domestic Product (GDP) statistic
B) Because household services produced at home and outside the market are only included in Gross Domestic Product (GDP) if the homemaker is a man
C) Because household services produced at home and outside the market that are sold to others are not included in Gross Domestic Product (GDP)
D) Because none of the household services produced for at home and outside the market are included in Gross Domestic Product (GDP) even though they contribute greatly to the welfare of the family

Question

Quizplus · Accepted Answer

Homemakers may be upset with the way GDP is calculated because none of the household services produced for home and outside the market are included in GDP, even though they contribute greatly to the welfare of the family. GDP only includes goods and services that are sold in the market, and does not account for the unpaid work that homemakers do, such as cooking meals, cleaning the house, and caring for children. This can give a misleading picture of the economy's overall well-being, as it neglects the critical role that unpaid work plays in supporting households and communities.

Why Might a Homemaker Be Upset with the Way Gross