Jobs also fewer hours in up paid housework

Assignment Help Business Economics

Reference no: EM1311931

Q1. In current decades, women have worked more hours in paid jobs also fewer hours in up paid housework.

a: Elucidate how this increase in work hours affect GDP

b: Explain why this increase in measured GDP will overstate the true increase in output. Also elucidate how a set of augmented national accounts in which comprises home production would treat this change from non marketplace work to marketplace work.

c: Elucidate the paradox, "When a person marries his or her gardener, GDP goes down."

Q2. Elucidate how to calculate optimal order quantity given monthly demand also months.

Reference no: EM1311931

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