A Valid Rationale for the Decision NOT to Include Non-Compensated

question 25

Multiple Choice

A valid rationale for the decision NOT to include non-compensated housework in Gross Domestic Product (GDP) calculations is that

• A) it would decrease the employment rate for domestic work.
• B) there is some difficulty in measuring quality and quantity.
• C) it is not a product or service.
• D) it would understate the value of production in the economy.

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Definitions:

Health Inspectors

Officials responsible for ensuring compliance with public health regulations and standards, especially in food establishments, housing, and workplaces.

Closed Shop

A labor arrangement whereby all employees must be members of a specific union before being hired, typically agreed upon through union and employer negotiations.

Taft-Hartley Act

A United States federal law that restricts the activities and power of labor unions.

Outlawed

Describes something that has been prohibited or made illegal by law or regulatory authority.