Lecture

Limitations of GDP: Unpaid Work and Informal Employment

Description

This lecture discusses the limitations of GDP, focusing on the exclusion of unpaid activities such as home care and volunteering, and the informal economy. It explores the importance of unpaid work in Switzerland, the challenges of estimating its value, and the impact on GDP calculations. Additionally, it examines the prevalence of informal employment in India, highlighting the significant share of workers in unregulated sectors.

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