The Portion of Women in the Workforce Has Nearly Doubled

question 98

Multiple Choice

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?

• A) This trend has had no predictable effect on GDP.
• B) The GDP in 1950 is underestimated relative to today.
• C) The GDP in 1950 is overestimated relative to today.
• D) The share of GDP attributable to women has declined.

---

Definitions:

Sales Journal

A specialized journal used to record all of a company's sales on credit.

Controlling Account

A general ledger account that summarizes the total balances of several subsidiary accounts, providing an overview and facilitating reconciliation.

Subsidiary Ledger

A detailed ledger that contains the individual accounts related to a specific main account in the general ledger, used to organize and manage specific types of transactions.

Financial Statement

Reports that convey the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.