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Tidy Tidy
wrote...
Posts: 4852
9 years ago
If China decides to enact laws to clean up the environment, what would be the effect on GDP?
A) GDP would increase reflecting the fact that the environment would be cleaner.
B) GDP would decrease if the pollution controls reduce productivity by more than the cost of the controls.
C) GDP would increase as the citizens of China were made happier as the environment was cleaned up.
D) GDP would increase as the environmental costs of pollution were not included in the calculation of GDP.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 365 times
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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Chimelo46Chimelo46
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Posts: 5641
9 years ago
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9 years ago
Glad to help you, and good luck with your course.
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