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What Would Happen to Measured GDP If More People Started

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What would happen to measured GDP if more people started hiring workers to do house chores such as cooking and cleaning?


Definitions:

Affective Forecasting

The process of predicting one's emotional state in future circumstances.

Anxiety

This is a feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.

Risk-as-feelings Hypothesis

A theory suggesting that people's decision-making is influenced by their emotional responses to the possibility of negative outcomes.

Gut Reactions

Instantaneous responses we have to a situation or stimulus, not based on rational analysis but on our innate, visceral feelings.

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