How does Green GDP influence the measurement of economic efficiency?

Economics Green Gdp Questions



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How does Green GDP influence the measurement of economic efficiency?

Green GDP influences the measurement of economic efficiency by taking into account the environmental costs and benefits associated with economic activities. It includes the value of natural resources and ecosystem services, as well as the costs of pollution and environmental degradation. By incorporating these factors, Green GDP provides a more comprehensive and accurate measure of economic performance and efficiency. It helps to highlight the trade-offs between economic growth and environmental sustainability, allowing policymakers to make more informed decisions and promote sustainable development.