FT Blog: AI will free households from chores and boost hidden productivity, says Open AI
Financial Times Article
This blog is based on the article published by the Financial Times on 7 January 2026:
The link for the article is: https://www.ft.com/content/9c0e713a-358c-46ce-8cf3-550eceaeec02
This article is part of the Financial Times free schools access programme. Details/registration here.
The theme of this Financial Times article is the impact AI development might have on people's lives and on productivity in the economy.
Questions
Answer available FT Blog: AI will free households from chores and boost hidden productivity, says OpenAI
a. Using a circular flow of income diagram, explain how the circular flow of income can be used to measure a country's GDP. [4]
b. Define the term economic well-being. [2]
c. Explain how a county’s real GDP can be used to measure economic well-being. [4]
d. Explain how ‘unpaid housework’ means a country’s GDP might underestimate economic well-being in a country. [4]
e. Outline how productivity can be measured in an economy. [2]
f. Explain how the use of AI by people at home for domestic tasks might increase productivity in a country. [4]
g. Using an aggregate demand and supply diagram, explain how an increase in productivity through AI might affect a country’s potential output. [4]
Total [20]