In recent decades, women have worked more hours in paid jobs and fewer hours in uppaid housework.
a: Explain how this increase in work hours affect GDP
b: Expalin why this increase in measured GDP will overstate the true increase in output. Also explain how a set of augmented national accounts in which includes home production would treat this change from nonmarket work to market work.
c: Explain the paradox, "When a person marries his or her gardener, GDP goes down."