As More Women Decide to Work Outside the Home and Therefore

question 23

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

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Definitions:

Benefits

Advantages or monetary assistance received from employment, government, or insurance.

Economic Thinking

The process of evaluating decisions based on costs, benefits, and the impact on resource allocation.

Human Action

The study of human behaviour, particularly in the context of individuals' decisions and actions in the economy.

Rational Choice

A theory in economics and sociology that suggests individuals always make prudent and logical decisions that provide them with the highest amount of personal utility.