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What of the following best describes the concept of 'Green GDP' (Gross Domestic Product)?
- a)GDP produced by the environmentally sustainable economic activities.
- b)GDP after adjusting for environmental damage.
- c)GDP contributed by the natural resources of a region.
- d)GDP contribution of all primary economic activities.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What of the following best describes the concept of Green GDP (Gross D...
- Green GDP is a term used for expressing GDP after adjusting for environmental damage.
- The process of environmental accounting involves three steps viz.
(i) Physical accounting: Physical accounting determines the state of the resources, types, and extent (qualitative and quantitative) in spatial and temporal terms.
(ii) Monetary valuation: Monetary valuation is done to determine its tangible and intangible components.
(iii) Integration with National Income/wealth Accounts: The net change in natural resources in monetary terms is integrated into the Gross Domestic Product in order to reach the value of Green GDP - When information on the economy’s use of the natural environment is integrated into the system of national accounts, it becomes green national accounts or environmental accounting. Hence option (b) is the correct answer.
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What of the following best describes the concept of Green GDP (Gross D...
Introduction:
The concept of Green GDP, or Gross Domestic Product, refers to a modified measure of economic output that takes into account the environmental impact of economic activities. It aims to provide a more accurate representation of the true economic welfare of a country by adjusting for environmental damage caused by economic growth.
Explanation:
The correct answer is option 'B' - GDP after adjusting for environmental damage. This means that Green GDP takes into consideration the negative effects of economic activities on the natural environment and subtracts them from the traditional GDP calculation.
Reasoning:
There are several reasons why option 'B' is the best description of Green GDP:
1. Environmental damage: Green GDP accounts for the negative environmental externalities that are often not reflected in traditional GDP calculations. Economic activities can result in pollution, depletion of natural resources, and other forms of environmental degradation. Green GDP adjusts for these damages by incorporating the cost of environmental loss.
2. Sustainability: Green GDP focuses on measuring economic growth while ensuring environmental sustainability. It recognizes that economic development should not come at the expense of long-term environmental degradation. By adjusting for environmental damage, Green GDP encourages policymakers and businesses to adopt sustainable practices and minimize negative environmental impacts.
3. Comprehensive measurement: Green GDP provides a more comprehensive measurement of economic welfare by considering both positive and negative environmental contributions. It recognizes that economic growth does not necessarily equate to improved well-being if it is accompanied by environmental degradation. By factoring in environmental damage, Green GDP provides a more accurate reflection of the true costs and benefits of economic activities.
Conclusion:
In conclusion, the concept of Green GDP involves adjusting the traditional GDP calculation to account for environmental damage caused by economic activities. It provides a more comprehensive and accurate representation of economic welfare by incorporating the negative externalities associated with environmental degradation. Green GDP promotes sustainable development and encourages policymakers and businesses to adopt environmentally friendly practices.
The concept of Green GDP, or Gross Domestic Product, refers to a modified measure of economic output that takes into account the environmental impact of economic activities. It aims to provide a more accurate representation of the true economic welfare of a country by adjusting for environmental damage caused by economic growth.
Explanation:
The correct answer is option 'B' - GDP after adjusting for environmental damage. This means that Green GDP takes into consideration the negative effects of economic activities on the natural environment and subtracts them from the traditional GDP calculation.
Reasoning:
There are several reasons why option 'B' is the best description of Green GDP:
1. Environmental damage: Green GDP accounts for the negative environmental externalities that are often not reflected in traditional GDP calculations. Economic activities can result in pollution, depletion of natural resources, and other forms of environmental degradation. Green GDP adjusts for these damages by incorporating the cost of environmental loss.
2. Sustainability: Green GDP focuses on measuring economic growth while ensuring environmental sustainability. It recognizes that economic development should not come at the expense of long-term environmental degradation. By adjusting for environmental damage, Green GDP encourages policymakers and businesses to adopt sustainable practices and minimize negative environmental impacts.
3. Comprehensive measurement: Green GDP provides a more comprehensive measurement of economic welfare by considering both positive and negative environmental contributions. It recognizes that economic growth does not necessarily equate to improved well-being if it is accompanied by environmental degradation. By factoring in environmental damage, Green GDP provides a more accurate reflection of the true costs and benefits of economic activities.
Conclusion:
In conclusion, the concept of Green GDP involves adjusting the traditional GDP calculation to account for environmental damage caused by economic activities. It provides a more comprehensive and accurate representation of economic welfare by incorporating the negative externalities associated with environmental degradation. Green GDP promotes sustainable development and encourages policymakers and businesses to adopt environmentally friendly practices.
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What of the following best describes the concept of Green GDP (Gross Domestic Product)?a)GDP produced by the environmentally sustainable economic activities.b)GDP after adjusting for environmental damage.c)GDP contributed by the natural resources of a region.d)GDP contribution of all primary economic activities.Correct answer is option 'B'. Can you explain this answer?
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What of the following best describes the concept of Green GDP (Gross Domestic Product)?a)GDP produced by the environmentally sustainable economic activities.b)GDP after adjusting for environmental damage.c)GDP contributed by the natural resources of a region.d)GDP contribution of all primary economic activities.Correct answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What of the following best describes the concept of Green GDP (Gross Domestic Product)?a)GDP produced by the environmentally sustainable economic activities.b)GDP after adjusting for environmental damage.c)GDP contributed by the natural resources of a region.d)GDP contribution of all primary economic activities.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What of the following best describes the concept of Green GDP (Gross Domestic Product)?a)GDP produced by the environmentally sustainable economic activities.b)GDP after adjusting for environmental damage.c)GDP contributed by the natural resources of a region.d)GDP contribution of all primary economic activities.Correct answer is option 'B'. Can you explain this answer?.
What of the following best describes the concept of Green GDP (Gross Domestic Product)?a)GDP produced by the environmentally sustainable economic activities.b)GDP after adjusting for environmental damage.c)GDP contributed by the natural resources of a region.d)GDP contribution of all primary economic activities.Correct answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What of the following best describes the concept of Green GDP (Gross Domestic Product)?a)GDP produced by the environmentally sustainable economic activities.b)GDP after adjusting for environmental damage.c)GDP contributed by the natural resources of a region.d)GDP contribution of all primary economic activities.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What of the following best describes the concept of Green GDP (Gross Domestic Product)?a)GDP produced by the environmentally sustainable economic activities.b)GDP after adjusting for environmental damage.c)GDP contributed by the natural resources of a region.d)GDP contribution of all primary economic activities.Correct answer is option 'B'. Can you explain this answer?.
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