首页
登录
职称英语
Explain: "Ms Smith diminishes the national income by marrying her cook", hi what
Explain: "Ms Smith diminishes the national income by marrying her cook", hi what
游客
2025-06-21
25
管理
问题
Explain: "Ms Smith diminishes the national income by marrying her cook", hi what way is this true by definition of GDP? Is this one of the problems with the use of GDP as a measure of social welfare?
选项
答案
When Ms Smith employed her cook, the meals he produced were part of his employment contract. The transaction between the two would be a market one. The value he added to the food he prepared would form part of GDP.
Once Ms Smith realised that there was more to her cook than just his meals and she married him, presumably the employment contract would fall away. Although the cook would still add the same value to the meals he prepared, he would not charge for the service nor would he render a tax return in respect of these cooking activities. The activity would now be classified as a non-market one. The activities are now "within the family" and so are not included in the national income and to that extent the act of marriage has led to a fall in GDP.
Some would equate the creation of GDP with the attainment of social welfare. However, although GDP does provide a relatively good measure of economic or material wellbeing, it is an imperfect indicator of social welfare. Neither Ms Smith’s economic nor her social wellbeing has been altered by her marriage to her cook (at least not as regards the cookery services provided by her cook/husband).
解析
转载请注明原文地址:http://tihaiku.com/zcyy/4128294.html
相关试题推荐
Inordertoprepareanincomeandexpenditureaccount,aclubwillfollowallth
WangwantstotransferhismoneyfromChinatotheUS.Couldyouexplainthedif
Explain:"Equalincreasesingovernmentspendingandtaxrevenuesofndollarsw
Ifthepriceofagoodchanges,boththesubstitutioneffectandtheincomeeffe
Whatarethewarningsignalstopotentialbadloans?Explainthem.Thepotential
Explain:"MsSmithdiminishesthenationalincomebymarryinghercook",hiwhat
Tofinancethenationaldebt,thegovernmentissuesavarietyofdebtsecuri
Internationaltradealwayscreatestheneedforforwardoperations,ifthee
Internationaltradealwayscreatestheneedforforwardoperations,ifthee
Theimpactglobalizationhasonlocal-nationalinsurersispositive.全球化给国内的大保
随机试题
Veryfewpeoplecangetcollegedegreebefore11,butMichaelwasan【B1】____
十四岁男性患者,进行性开口困难7年,面部明显不对称。5岁时曾发生颏部对冲性损伤。
下列有关商业银行贷款发放及审查事项的表述,错误的是()。A.商业银行公司业务部
下列晕针处理方法中哪一条是错误的A.立即起针 B.卧床时头部抬高 C.饮适量
下列各种病毒,属肝炎病毒的是()A.HGV B.TTV C.HEV
脾为气血生化之源的理论依据是A:主升清 B:主统血 C:运化水湿 D:运化
番红花的安全水分是A.7%~9%B.5%以下C.15%~20%D.10%~13%
82.电动工具的电气部分经维修后,进行绝缘电阻测量,符合要求后即可使用。
临床患者若出现腰膝酸软,阳痿早泄,头发脱落,头晕耳鸣,齿摇等,又见两目干涩,视物
具有法律规定和制度保证的、经法定程序审核批准的政府年度财政收支计划是()。A
最新回复
(
0
)