- Green National Income (also known as Environmentally Adjusted Net National Income) starts with the standard National Income (Net National Income or NNI). - It then subtracts the estimated costs associated with the depletion of natural resources (e.g., deforestation, depletion of mineral reserves) and the damage caused by environmental degradation (e.g., pollution, loss of biodiversity). - The goal is to provide a more sustainable measure of economic well-being that considers the impact of economic activities on the environment and natural capital.
Which of the following factors is/are concerned in the calculation of Green National Income (GNI)? a. National Income b. Depletion of Natural Resources c. Environmental Degradation
Asked in MPSC CS Prelims 2018 · Topic: Sustainable Economic Development (Environmental Degradation: Causes, Consequences, and Economic Valuation)
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