What is GGDP?

Q: Answer-What is GGDP?

The green gross domestic product green GDP or GGDP is an index of economic growth with the environmental consequences of that growth factored into a countrys conventional GDP. Green GDP monetizes the loss of biodiversity, and accounts for costs caused by climate change. Calculating green GDP requires that net natural capital consumption, including resource depletion, environmental degradation, and protective and restorative environmental initiatives, be subtracted from traditional GDP.

A Green Gross Domestic Product Correct Answer Incorrect Answer

B Growth Gross Domestic Product Correct Answer Incorrect Answer

C Genuine Growth Domestic Product Correct Answer Incorrect Answer

D Global Gross Domestic Product Correct Answer Incorrect Answer

E None of these Correct Answer Incorrect Answer

Solution

The green gross domestic product (green GDP or GGDP) is an index of economic growth with the environmental consequences of that growth factored into a country's conventional GDP. Green GDP monetizes the loss of biodiversity, and accounts for costs caused by climate change. Calculating green GDP requires that net natural capital consumption, including resource depletion, environmental degradation, and protective and restorative environmental initiatives, be subtracted from traditional GDP.

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UPSC EPFO (APFC)

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