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Chapter 6: Q. 27 (page 161)

How might you measure a “green” GDP?

Short Answer

Expert verified

By deducting net natural capital consumption from conventional GDP, green GDP is computed.

Step by step solution

01

Green GDP

Resource depletion, environmental deterioration, and environmental protection measures should be subtracted from conventional GDP in order to calculate a "green" GDP.

02

Explanation

In summary, green GDP is calculated by subtracting the cost of economic loss due to environmental pollution and natural resource deterioration as well as resources spent on environmental restoration from conventional GDP.

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