What is Green GDP and how is it different from conventional GDP?

Economics Green Gdp Questions



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What is Green GDP and how is it different from conventional GDP?

Green GDP is a measure of economic growth that takes into account the environmental costs and benefits associated with economic activities. It is different from conventional GDP as it factors in the depletion of natural resources, pollution, and other environmental damages caused by economic production. Conventional GDP only considers the monetary value of goods and services produced within a country's borders, without considering the environmental impact. Green GDP provides a more comprehensive and sustainable measure of economic growth by incorporating the environmental costs and promoting environmentally friendly policies and practices.