Robinson Crusoe produces upper-loop product of $1000. He pays $750 in wages, $125 in interest, and $75 in rent. What must his profit be?
September 3, 2020
The residents of the town Ectenia all love economics, and the mayor proposes building an economics museum. The museum has a fixed cost of $2,400,000…
September 3, 2020

In recent decades, women have worked more hours in paid jobs and fewer hours in uppaid housework.a: Explain how this increase in work hours affect GDPb: Expalin why this increase in measured GDP will overstate the true increase in output. Also explain how a set of augmented national accounts in which includes home production would treat this change from nonmarket work to market work.c: Explain the paradox, “When a person marries his or her gardener, GDP goes down.”

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