Home / Questions / The Data of Macroeconomics Quick Quiz Problem Suppose a woman marries her butler. After t...
The Data of Macroeconomics - Quick Quiz Problem Suppose a woman marries her butler. After they are married, her husband continues to wait on her as before, and she continues to support him as before (but as a husband rather than an employee). Consider how this marriage impacts how output in the economy is calculated When the butler stops receiving a wage after the marriage, the value of GDP However, if GDP is meant to reflect the value of all domestically produced goods and services, then perhaps GDP should because the butler's services continue to be provided.
Apr 06 2020 Read more Less More
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