The Green GDP:

A. tries to capture the environmental effects regular GDP doesn't.
B. subtracts the environmental costs of production from the positive outputs normally counted in GDP.
C. values negative externalities.
D. All of these statements are true.


D. All of these statements are true.

Economics

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Inaccurate prediction generally invalidates the use of theory in economics.

Answer the following statement true (T) or false (F)

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A tax system under which an individual pays a higher fraction of his income in taxes at higher levels of income is formally described as

A. digressive. B. progressive. C. proportional. D. regressive.

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