Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 23 - Part VIII - Measuring a Nation's Income - Questions for Review - Page 502: 8

Answer

It is desirable because people would enjoy more goods and services. GDP is not only measure of well being. Laws that lower pollution, lower GDP. War is also bad, yet it increases GDP as more war artillery is produced.

Work Step by Step

If laws against pollution were eliminated, GDP would be higher but the pollution might make us worse off.
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