A very Planet Money Thanksgiving
Planet Money
Measuring Home Production in the Economy
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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