[an error occurred while processing this directive]Saving What Remains[an error occurred while processing this directive] [an error occurred while processing this directive] [an error occurred while processing this directive] A Problem with GDP as a Measure of National Economic Health [an error occurred while processing this directive] GDP, Gross Domestic Product, is the one of the most widely used indicators of the national economy. GDP is the annual aggregate production of all goods and services in a country. One problem with GDP is that it does not necessarily indicate the economic well-being of a country since activities that are detrimental to the long-term economy (like deforestation, strip mining, over-fishing, murders, terrorism) increase today's GDP. Therefore environmental degradation is rarely accounted for in GDP calculations. For example, the infamous Exxon Valdez oil spill showed up as a net economic gain in the US because of the expenditures associated with the clean-up effort. These expenditures outweighed the eleven million gallons of oil spilled into Alaskan waters.





Continued: Saving rainforests [an error occurred while processing this directive] [an error occurred while processing this directive] [an error occurred while processing this directive]