Question

What is the difference between normal GDP and green GDP?

What is the difference between normal GDP and green GDP?

Homework Answers

Answer #1

Normal GDP can be simply defined as the production of final goods and services within the boundary of a country in a financial year

Normal GDP helps in calculating the real scenario of a country that whether it is doing good or having a deficit.

Whereas green GDP apart from having normal GDP also considered environmental and its consequences in terms of economic growth calculation

It is generally measured in terms like waste per capita, carbon dioxide emissions per year

Many countries consider it while calculating GDP.

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