Saturday, November 12, 2016

How much does doing the chores add to UK GDP?

Problems with measuring GDP are numerous. This report, highlighted by tutor2u explains why it might understate output
http://www.tutor2u.net/economics/blog/how-much-does-doing-the-chores-add-to-uk-gdp?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sat%2012th%20November%202016&utm_content=Economics%20daily%20digest%20Sat%2012th%20November%202016+CID_3d5718a6961c4bae44434165b8fe3300&utm_source=CampMonitor&utm_term=How%20much%20does%20doing%20the%20chores%20add%20to%20UK%20GDP%20The%20ONS%20has%20attempted%20to%20value%20the%20non-traded%20sector%20of%20economic%20activity%20-%20housework%20and%20DIY%20-%20to%20the%20UK%20economy%20Its%20value%20More%20than%201%20trillion%20per%20annum%20equivalent%20to%2056

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