Current national income and production statistics include the environmental benefits or harm of economic activity.

Question

Quizplus · Accepted Answer

Current national income and production statistics do not include the environmental benefits or harm of economic activity. These are often referred to as externalities and are not fully captured in traditional economic measures. However, there are efforts to incorporate environmental factors into economic metrics through the use of methods such as green accounting and natural capital accounting.

Current National Income and Production Statistics Include the Environmental Benefits