In the post world war ii period, considerable growth in total production took place in the united states. but at the same time, businesses were dumping their waste into the great lakes with minimal cost to themselves, significantly polluting the bodies of water as a result. this occurrence is an example where
a) real gdp gives an overly positive view of economic welfare.
b) real gdp gives an overly negative view of economic welfare.
c) investment would have been a better measure of total production.
d) the pollution counts as a final good.
Answers: 1
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