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Elly is a teacher. Her mom gets really sick in January 2009, therefore she quits her job as a teacher and cares for her mother full time. But in January 2010 the government introduces a new scheme under which elly can get full time care for her mother. A full time career is appointed at a salary of 30.000 per year of which elly pays 10.000 with the balance paid by elly's local authority. elly returns to het local teaching job for a salary of 40.000 per year. How much do these transactions contribute to GDP in 2010?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91226475

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