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Which of the following adjustments would be made to any increase in GDP

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January 10th, 2018

Which of the following adjustments would be made to any increase in GDP in order to derive an ‘Index of Sustainable Economic Welfare’ (ISEW)?a)Subtract the monetary value of non-defensive public expendituresb)Subtract the monetary value of personal consumptionc)Subtract the monetary value of capital formationd)Subtract the costs of environmental degradation

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