Some of the production of an economy creates pollution.As a result:
A) nominal GDP is greater than real GDP.
B) real GDP is greater than nominal GDP.
C) GDP tends to understate social welfare.
D) GDP tends to overstate social welfare.
Correct Answer:
Verified
Q109: If real GDP in a particular year
Q157: Q158: (GDP figures are in billions of dollars.) Q159: (GDP figures are in billions of dollars.) Q162: In 2001, in calculation of the implicit Q163: GDP tends to underestimate the productive activity Q165: The gross domestic product of Canada measures Q166: Environmental pollution is accounted for in: Q178: The GDP deflator or price index equals Q197: GDP tends to overstate economic well-being because
A)GDP.
B)DI.
C)PI.
D)None of
A)gross
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