Economics Homework Help

3. The article, “Moving Beyond GDP: How to Factor Natural Capital into Economic Decision

Making” argues that GDP is an incomplete and insufficient measure of the value of

economic resources and output.

A) Why is GDP an inadequate measure of the economy’s resources and output?

B) Explain what natural capital is and why it is argued that a value should be

placed on natural capital.

C) How specifically do the readings suggest natural capital should be measured?

D) Describe one example from the reading of what one economy is doing to

account for the value of its natural capital.