Question

The concept of 'Green GDP' adjusts traditional GDP

Q: Answer-The concept of 'Green GDP' adjusts traditional GDP figures by accounting for:

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.

figures by accounting for:

A Black money generation

B Depreciation of man-made capital

C Environmental degradation and resource depletion

D Income from illegal activities

E Unpaid household work

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The concept of 'Green GDP' adjusts traditional GDP

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