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What is the primary economic significance of unpaid work, especially with regards to women's contributions?
  • a)
    It plays a minor role in the economy and has negligible impact on GDP.
  • b)
    Unpaid work is essential for GDP calculations but is not crucial for economic growth.
  • c)
    Unpaid work significantly contributes to the economy, representing a substantial portion of the GDP.
  • d)
    Unpaid work has no economic value and is not considered in national accounting.
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
What is the primary economic significance of unpaid work, especially ...
Unpaid work, particularly the contributions made by women, plays a crucial role in the economy, representing a significant portion of the Gross Domestic Product (GDP). This unpaid labor provides essential services that enable others to engage in paid employment, highlighting its economic significance and impact on national productivity and well-being.
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What is the primary economic significance of unpaid work, especially with regards to women's contributions?a)It plays a minor role in the economy and has negligible impact on GDP.b)Unpaid work is essential for GDP calculations but is not crucial for economic growth.c)Unpaid work significantly contributes to the economy, representing a substantial portion of the GDP.d)Unpaid work has no economic value and is not considered in national accounting.Correct answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What is the primary economic significance of unpaid work, especially with regards to women's contributions?a)It plays a minor role in the economy and has negligible impact on GDP.b)Unpaid work is essential for GDP calculations but is not crucial for economic growth.c)Unpaid work significantly contributes to the economy, representing a substantial portion of the GDP.d)Unpaid work has no economic value and is not considered in national accounting.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary economic significance of unpaid work, especially with regards to women's contributions?a)It plays a minor role in the economy and has negligible impact on GDP.b)Unpaid work is essential for GDP calculations but is not crucial for economic growth.c)Unpaid work significantly contributes to the economy, representing a substantial portion of the GDP.d)Unpaid work has no economic value and is not considered in national accounting.Correct answer is option 'C'. Can you explain this answer?.
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