The portion of women in the workforce has nearly doubled since 1950.As a result,fewer mothers are providing services inside the home.How has this trend affected GDP?

Question

Quizplus · Accepted Answer

The shift of women from unpaid household work to paid employment in the workforce increases the measured GDP because GDP includes only goods and services produced for pay or profit. Activities within the home, such as childcare or cooking, do not count towards GDP, so when women join the workforce, the activities they engage in are more likely to be included in GDP calculations, making the GDP in 1950 (when more women were engaged in unpaid home-based work) underestimated relative to today.

The Portion of Women in the Workforce Has Nearly Doubled