Answer-How does Green GDP differ from traditional GDP?

Green GDP differs from traditional GDP by including the environmental costs of economic activities, such as pollution and resource depletion, to provide a more accurate representation of economic welfare.

Question

How does Green GDP differ from traditional GDP?

Read the following paragraph and answer the question that follows: Growing environmental concerns have resulted in the demand for green national accounts that highlight the stock of environmental wealth, and its use and depletion by a society in its conventional national accounts. Green GDP should account for both environmentally beneficial and harmful products and their social value. It also proposes a classification of products based on their environmental impact and a method of data collection and analysis using the Supply and Use tables of the Ministry of Statistics and Programme Implementation (MoSPI).

A Green GDP excludes the value of services produced in an economy

B Green GDP includes the environmental costs of economic activities

C Green GDP measures only the economic benefits of production

D Green GDP is calculated using base year prices

E Green GDP focuses solely on the industrial sector

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