GDP does not count productive services, such as child care, food preparation, cleaning, and laundry, provided within the household. Why are these things excluded? Is GDP a sexist measure? Does it understate the productive contributions of women relative to men? Discuss.

*14. Indicate how each of the following will affect this year’s GDP:

a. You suffer $10,000 of damage when you wreck your automobile.

b. You win $10,000 in a state lottery.

c. You spend $5,100 in January for 100 shares of stock ($5,000 for the stock and $100 for the sales commission) and sell the stock in August for $8,200 ($8,000 for the stock and $200 for the sales commission).

d. You pay $500 for this month’s rental of your apartment.

e. You are paid $300 for computer services provided to a client.

f. You receive $300 from your parents.

g. You get a raise from $8 to $10 per hour and simultaneously decide to reduce your hours worked from 20 to 16 per week.

h. You earn $4,000 working in Spain as an English instructor.