How Does the Calculation of GDP Include the Costs of Natural

question 145

Multiple Choice

How does the calculation of GDP include the costs of natural resource depletion that occurs when output is produced?

• A)The value of resource depletion is added to GDP.
• B)The cost of resource depletion is not measured in GDP.
• C)The cost of resource depletion is added to real but not nominal GDP.
• D)Resource depletion causes GDP to overstate well-being.

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Definitions:

Nourishment

The provision of the necessary food and nutrients to support life, growth, and health in an organism.

Embryo

An early stage of development in multicellular organisms, in humans referring to the phase from fertilization until the end of the eighth week.

Reproductive Parts

Organs or structures in organisms that are involved in producing offspring.

Angiosperm

A group of plants that have flowers and produce seeds enclosed within a carpel; the largest group of plants on Earth.