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A very Planet Money Thanksgiving

Planet Money

Measuring Home Production in the Economy

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The official measure of the economy, like GDP, doesn't account for home production, which includes tasks like Thanksgiving dinner preparation. Macroecnomists study this type of work, and Thanksgiving is considered a major event for home production. While the majority prefer turkey, the interviewee, Jisuyu, discusses combining Chinese food with turkey for a unique Thanksgiving meal. To calculate the amount of home production in the economy, economists use time diaries where people log their activities throughout the day.

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