Between 1965 and 1985, Did New Technologies and New Scientific

question 8

Essay

Between 1965 and 1985, did new technologies and new scientific discoveries do more to benefit or to harm the planet and its inhabitants? Explain.

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Definitions:

GDP

Gross Domestic Product, abbreviated as GDP, embodies the total market and monetary worth of all products and services that are finalized within a country's borders throughout a defined period.

Depreciation

An accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy.

GDP Deflator

A measure of the price level of all newly produced, domestic, final goods and services in an economy, used to adjust GDP for inflation.

GDP Deflator

A means of determining the price rates for all new, domestically crafted, final goods and services within an economy.