Indicate how the following affect measured GDP and the national welfare.

a. The government mandates that employers supply $100 billion of new medical care to workers. Workers value the new medical care at $10 billion. Employment falls as a result.

b. More women join the labor force. They value wages over the time they gave up to work.
The government builds a sports arena in every town in America.

c. The cost of the arenas far exceeds their value to sport fans.

d. A business executive quits her job to go back to school and get an M.B.A.