Can you please give me your opinion for the questions to this scenario for my study guide?
I need to meet a 175 word count. Thank you in advance for your help.
GDP is a widely used indicator. GDP measures the output level of our society. However, in order to be accounted for in the GDP calculation, these outputs must have a market value. But not all items benefit us in our lives have market value. For example, a house wife cleans house and cooks meals for the family, but she does not get paid; in other words, no market value.
Do you believe that a housewife contributes to the well being of a family?
Should her contribution be considered in well-being analysis of our nation?
Yes, a housewife definitely contributes to the well being of a family by taking care of the management of the house and taking care of the family members like cooking for them, cleaning the house etc.
Yes, a housewife's contribution must also be considered in the well being analysis of our nation because although no market production is taking place, but internal management of things and well being of the members is being taken care of, which is also an important contribution to the people and the society and thus the economy.
Can you please give me your opinion for the questions to this scenario for my study...