Multiple Choice
Pollution is a by-product of some production processes, so on this count real GDP as measured
A) is adjusted downward to take into account the pollution.
B) is adjusted upward to take into account the expenditures that will be made in the future to clean up the pollution.
C) tends to overstate economic welfare.
D) tends to understate economic welfare.
Correct Answer:

Verified
Correct Answer:
Verified
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