How does Green GDP contribute to the assessment of economic well-being?

Economics Green Gdp Questions



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How does Green GDP contribute to the assessment of economic well-being?

Green GDP contributes to the assessment of economic well-being by taking into account the environmental costs and impacts of economic activities. It measures the economic growth and development of a country while also considering the depletion of natural resources, pollution, and other environmental damages caused by economic activities. By incorporating these environmental factors, Green GDP provides a more comprehensive and accurate assessment of economic well-being, ensuring that economic growth is sustainable and does not come at the expense of the environment.