Multiple Choice
Dale is a stay-at-home-parent whose typical day consists of getting the kids ready for school, doing the laundry, cooking three meals, and cleaning the house. How are Dale's home activities counted in GDP?
A) They are counted by subtracting Dale's opportunity cost in terms of lost income.
B) They are counted at market value.
C) They are counted by assigning a value that is equivalent to what it would have taken to pay a housekeeper to perform the same tasks.
D) They are not counted.
Correct Answer:
Verified
Correct Answer:
Verified
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