Q. With reference to Green GDP, consider the following statements:
1.Green GDP accounts for environmental degradation and depletion of natural resources while measuring economic growth.
2.Green GDP incorporates investments in both carbon-intensive and zero-carbon technologies while evaluating capital formation.
3.Green GDP excludes government revenue and subsidies related to environmental sectors to avoid bias in measurement.
Which of the statements given above is/are correct?
Answer: B
Notes:
Explanation:
- Green GDP adjusts traditional GDP by accounting for environmental degradation and resource depletion.
- Green GDP differentiates investments into zero-carbon and carbon-intensive categories.
- It includes taxation and subsidies related to polluting and environment-friendly industries to highlight fiscal policy impacts on sustainability.
Source: Laxmikant (Polity)
