Question

    The concept of 'Green GDP' adjusts traditional GDP

    figures by accounting for:
    A Black money generation Correct Answer Incorrect Answer
    B Depreciation of man-made capital Correct Answer Incorrect Answer
    C Environmental degradation and resource depletion Correct Answer Incorrect Answer
    D Income from illegal activities Correct Answer Incorrect Answer
    E Unpaid household work Correct Answer Incorrect Answer

    Solution

    • Traditional GDP measures the market value of all final goods and services produced, but it ignores the  negative externalities  of economic growth on the environment.  Green GDP  is an attempt to create a more comprehensive measure of economic well-being by deducting the  cost of environmental damage  (e.g., pollution, deforestation, resource depletion) and adding the value of environmental services. It aims to reflect the true sustainability of growth.

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