1.1. Why do you think we have not counted pollution in GDP measures in the past? The...

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1.1. Why do you think we have not counted pollution in GDP measures in the past? The national income and product accounts include all market activities. So purchased child care is included, but child care provided by parents is not. Recently many economists and policy makers have become concerned about the exclusion of one particularly large and important nonmarket activity from the national income accounts: the environment.

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Principles Of Economics

ISBN: 9780135161104

13th Edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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