As More Women Decide to Work Outside the Home and Therefore

question 67

Multiple Choice

As more women decide to work outside the home and therefore hire others to work around their home, GDP will increase by

• A) only the value of the output produced by the newly working women.
• B) the value of the household work they were previously performing minus the value of the output produced by the newly working women.
• C) the value of the output produced by the newly working women minus the value of the household work they were previously performing.
• D) only the value of the household work they are now hiring someone to perform.
• E) the value of the output produced by the newly working women plus the value of any household work they are now hiring someone to perform.

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Definitions:

Z

Often referred to in statistics as a standard score, it represents the number of standard deviations a data point is from the mean.

Standard Normal Distribution

A probability distribution that has a mean of zero and a standard deviation of one, representing a perfect bell curve.

Continuous Probability Distributions

Mathematical functions that represent the probabilities of all possible values in an unbroken (continuous) range.

Exponential Distributions

A type of continuous probability distribution that is often used to model the time between independent events that happen at a constant average rate.