Discussion on gross domestic product

Reference no: EM1371752

The questions asked if a paper mill manufactures $1 million worth of paper this year but adds considerably to the pollutants in a nearby river, are the social expenses arising from this pollution reflected in the gross domestic product? If so, how? Should these costs be reflected GDP? If so, why? I thought the answer would be no and that social costs are added and become the total net costs. I am not sure if the costs should be reflected in the GDP.

Reference no: EM1371752

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