 
                 
                InterviewSolution
| 1. | Briefly explain the relationship between GDP growth and the quality of environment? | 
| Answer» GDP Growth: 1. Ross domestic product is the money value of final goods and services produced in the domestic territory of a country during an accounting year. 2. GDP can determined in 3 ways in all of which should in principle give the same result. 3. The real Economic GDP growth rate expressed as percentage that shows the rate of change in a countries GDP. 4. The Four supply Factors are natural resources capital goods, human resources and technology. 5. GDP is a monetary measure of the market value of all the final goods and services. 6. The contribution of the nature to GDP as well as depletion of natural resources are not accounted in the present system of National Income. Quality of Environment: 1. Environmental quality is a set of properties and characteristics of the environment either generalized or local as they impinge on human beings and other organisms. 2. It is measure of condition of an environment relative to one or more species any human need or purpose. 3. Environmental quality has been continuously declining due to capitalistic mode of functioning. 4. Environment is a pure public good that can be consumed simultaneously by everyone and from which no one can be excluded. 5. A pure public good is one for which consumption is non-revival and from which it is impossible to exclude a consumer. 6. The environment directly affects health status and plays a major role in quality of life lived and good health disparties. | |