What would the effects be on China’s Gross Domestic Product (GDP) if China were to pass legislation to clean up the environment? The fact that the environment would be cleaner would lead to a rise in GDP, which would reflect the change. If the costs of controlling pollution are higher than the productivity loss that results from implementing those restrictions, GDP will fall. XB
What would happen to China’s gross domestic product if the country decided to pass regulations to clean up the environment? A. The rise in the nation’s gross domestic product would be a reflection of the cleaner environment.
What would be the effect of China’s environmental laws on GDP?
What would happen to China’s gross domestic product (GDP) if the country decided to pass legislation to clean up the environment? If the cost of reducing pollution results in a drop in productivity that is more than the cost of reducing pollution, then GDP will decline.
What is the effect of pollution control on GDP?
The overall level of prices goes down, but at the same time a greater amount of finished goods and services is created. What would happen to China’s gross domestic product (GDP) if the country decided to pass legislation to clean up the environment? If the cost of reducing pollution results in a drop in productivity that is more than the cost of reducing pollution, then GDP will decline.
What are China’s laws against pollution?
The first comprehensive rule in China to avoid soil pollution went into force in 2019, making it mandatory for polluters to either reduce their production or pay for the damage caused by their actions. After another year had passed, China instituted a prohibition on the import of any and all trash from foreign nations. Radiation byproducts
Should China sacrifice economic development for Environmental Protection?
The Chinese officials claimed that China should not have to compromise its economic development for environmental preservation, and that developed nations, such as the United States, should take more of the weight because they were allowed to build their economy without any limits.