Large sport utility vehicles (SUVs) add significantly to air pollution because they do not have to meet passenger auto emission standards. The purchase of an SUV
a. adds less to GDP since the pollution costs are subtracted from GDP.
b. adds to nominal but not real GDP because of the pollution costs.
c. is a net loss to GDP because the pollution costs are so large.
d. increases GDP.
d
You might also like to view...
Discuss in detail the three things mentioned in the text that the Federal Reserve did to deal with the 2007-2009 financial crisis
Transshipments, which are used commonly in international trade, tend to:
A. undermine the effectiveness of a sanction. B. reduce the volume of world trade. C. strengthen the national security argument for trade restrictions. D. increase the effectiveness of trade restrictions.
On May 12, 2011, it cost U.S. $1.64 to buy 1 British pound. How many British pounds would U.S. $1 buy?
A. 0.56 B. 0.61 C. 1.64 D. 2.64
Economists consider deflation
A. dangerous, as it can lead to a depression. B. to be a normal part of the economy, not necessarily healthy or unhealthy. C. to be generally healthy for the economy. D. to be no better and no worse than inflation.