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3 October, 00:23

Problems and Applications Q11 The participation of women in the U. S. labor force has risen dramatically since 1970. This rise likely GDP in the United States. Now imagine a measure of well-being that includes time spent working in the home and taking leisure. True or False: The change in this measure of well-being would be less than the change in GDP.

A. True

B. False

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Answers (1)
  1. 3 October, 01:36
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    The first part answer is FALSE whereas the second part answer is TRUE

    Explanation:

    If labour force participation has increased for women, it means that the average productivity should increase and therefore the GDP should increase overtime if this factor is considered

    however if we are using another measure of well-being that includes both the leisure time and time working at home, we will consider the fact that average productivity will increase but less than the increase in average productivity due to increase labour force participation
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