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).Solution
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.
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_____________ means developing entrepreneurship in agricultural sector.
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