Question

Dissatisfaction with public education has led many parents to try home schooling for their children. If parents cut back on their jobs outside the home in order to spend time teaching their children at home, how will this affect GDP?

Answer 1

Step-by-step explanation:

It is becoming a major concern in the current times that public education is becoming not good enough. As a result, many parents are now sacrificing their work time to teach their kids and possibly quitting their jobs . If they aren't working at all, their direct contribution of human capital would reduce hence decreasing the GDP. On the other hand, some parents may opt to working from home like working on a side hustle while taking time to teach their kids. This could increase the GDP.