Question: The UNDP Human Development Report is available at its Web site (ww- w.undp.org). Consult this report, and choose a country that is not included in
The UNDP Human Development Report is available at its Web site (ww- w.undp.org). Consult this report, and choose a country that is not included in Figure 6.5. Write a paragraph describing this country's performance on the HDI as well as on three other indicators reported in the tables (such as inequality, HIV rates, or malnourishment). Suppose that you buy a bread-making machine, flour, and other foodstuffs, take them home, and bake bread with a group of young children who are in your care (unpaid). How would these activities be accounted for in current GDP accounting? How might they be accounted for in an expanded account that includes household production? Estimate how much time you spend each week doing two unpaid household production tasks (e.g., cleaning, cooking, or repairs). Then,
locate data on the typical wages paid to workers who perform these tasks on the Bureau of Labor Statistics Web site (www.bls.gov/bls/blswage.ht- m). Based on these data, what is the monetary value of your weekly household production for these tasks?
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