A World Bank brief entitled Natural Capital Accounting contains the following statement: (A) major limitation of GDP
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A World Bank brief entitled Natural Capital Accounting contains the following statement: “(A) major limitation of GDP is the limited representation of natural capital. The full contribution of natural capital like forests, wetlands, and agricultural land does not show up.” Identify some additional examples of natural capital and explain how limited representation of these types of natural capital could affect the measurement of gross domestic product.
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Related Book For
Principles of Macroeconomics
ISBN: 978-0134078809
12th edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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