Suppose Gross Domestic Product (GDP) figures were changed to reflect household production. How would the size of household production relative to Gross Domestic Product (GDP) have changed over the last fifty years?

What will be an ideal response?


The relative size of household production would be less as people have substituted market production for household production. Fifty years ago, people did not eat out as much as now. As the labor force participation rate of women has increased, families have relied less on household production and more on market production.

Criminal Justice

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Fill in the blank(s) with correct word

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a. firm; consistent b. fair; consistent c. appropriate; constant d. appropriate; consistent

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What will be an ideal response?

Criminal Justice

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Fill in the blank(s) with correct word

Criminal Justice