Economists believe the level of inequality in less developed countries is overstated because it doesn't take ________ into account.

Question

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Economists believe that the level of inequality in less developed countries is overstated because it doesn't take into account the goods and services produced within the home, such as cooking, cleaning, childcare, and other household work. Women, in particular, tend to do a lot of unpaid work in the home, which is not reflected in official statistics. This means that household income is often understated, and inequality is thus overstated.

Economists Believe the Level of Inequality in Less Developed Countries