As more women decide to work outside the home and therefore hire others to work around their home,GDP will increase by

Question

Quizplus · Accepted Answer

When women work outside the home and hire others to perform household work, the GDP will increase by the value of the output produced by the newly working women plus the value of any household work they are now hiring someone to perform. This is because the household work they were previously performing is not included in the calculation of GDP, but the work being hired out now is. Therefore, the increase in GDP would be the value of the output produced by the newly working women plus the value of any household work being hired out.

As More Women Decide to Work Outside the Home and Therefore