Typically When There Is Growth in GDP This Also Means

question 77

Essay

Typically when there is growth in GDP this also means more energy consumption and more pollution as well. However, we often discover that rich nations have cleaner environments than poorer ones even though the former out produce the latter. Explain this apparent paradox.

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Definitions:

Investment

The operation of earmarking financial resources with the hope of obtaining a return or profit.

Simple Interest

A method of calculating interest where the interest charge is based on the original principal only, not on the accumulated interest.

Maturity Value

The amount payable to an investor at the end of a security's term or life, which typically includes the principal plus interest.

Principal

The original sum of money borrowed in a loan or the initial amount of money invested, excluding any interest or gains.