The Green GDP:
A. tries to capture the environmental effects regular GDP doesn't.
B. values negative externalities.
C. subtracts the environmental costs of production from the positive outputs normally counted in GDP.
D. All of these statements are true.
Answer: D
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According to this Application, based on the analysis of the sources of growth in China and India, and assuming that nothing changes, it can be concluded that
A) there is convergence between the nations in Asia. B) China's reliance on technology for economic growth makes it less likely to keep pace with the growth rate in India. C) India's long-term growth prospects are not as strong those for China. D) the growth rate in China should significantly slow down in the near future, but the growth rate in India will continue to rapidly increase in the near and distant future.
Pam, Pru, and Pat are deciding how they will celebrate the New Year. Pam prefers to take a cruise, is happy to go to Hawaii, but does not want to go skiing. Pru prefers to go skiing, is happy to go to Hawaii, but does not want to take a cruise
Pat prefers to go to Hawaii or to take a cruise but does not want to go skiing. Their decision is to go to Hawaii. Is this decision rational? What is the opportunity cost of the trip to Hawaii for each of them? What is the benefit that each gets?
Individual income taxes and social insurance taxes generate the highest tax revenue for the federal government
a. True b. False Indicate whether the statement is true or false
The age-earnings profile for most people indicates
A) earnings rise continually until a person retires. B) earnings initially decline and then rise continually until retirement. C) that when you adjust for inflation, earnings are constant throughout the entire workplace experience. D) earnings rise until the age of about 50 and then begin to fall until retirement.