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Development and Environment MCQs App Download & e-Book PDF - 842

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MCQ: 842

Which of the following adjustments would be made to any increase in GDP in order to derive an 'Index of Sustainable Economic Welfare' (ISEW)?

  1. Subtract the monetary value of non-defensive public expenditures
  2. Subtract the monetary value of personal consumption
  3. Subtract the monetary value of capital formation
  4. Subtract the costs of environmental degradation
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