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Chapter 6: Q. 27 (page 161)

How might you measure a “green” GDP?

Short Answer

Expert verified

By deducting net natural capital consumption from conventional GDP, green GDP is computed.

Step by step solution

01

Green GDP

Resource depletion, environmental deterioration, and environmental protection measures should be subtracted from conventional GDP in order to calculate a "green" GDP.

02

Explanation

In summary, green GDP is calculated by subtracting the cost of economic loss due to environmental pollution and natural resource deterioration as well as resources spent on environmental restoration from conventional GDP.

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Most popular questions from this chapter

Explain briefly whether each of the following would cause GDP to overstate or understate the degree of change

in the broad standard of living.

a. The environment becomes dirtier

b. The crime rate declines

c. A greater variety of goods become available to consumers

d. Infant mortality declines

What are the two main difficulties that arise in

comparing different countries' GDP?

According to Table 6.7, how long has the average expansion lasted since the end of World War II?

Country A has export sales of \(20billion, government purchases of \)1,000billion, business investment is \(50billion, imports are \)40billion, and consumption spending is $2,000billion. What is the dollar value of GDP?

According to Table 6.7, how long has the average recession lasted since the end of World War II?
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