Explore BrainMass

Explore BrainMass

    GDP Input: Oil & Coal Production and a Shift to Green Tech

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    How does oil and coal production currently show up in GDP? How would this change if a country shifted to a measure of "green GDP"?

    © BrainMass Inc. brainmass.com December 25, 2021, 12:03 am ad1c9bdddf
    https://brainmass.com/economics/environment/gdp-input-oil-coal-production-and-a-shift-to-green-tech-650168

    Solution Preview

    Gross Domestic Product (GDP) only takes into account final goods, not inputs or resources used to produce final goods. Currently oil is used to manufacture all sorts of final products such as tires, refrigerators, and televisions. It is also refined to be used as crude oil products like motor oil or gasoline. In all these examples, it is counted in ...

    Solution Summary

    The expert discusses how oil and coal production currents shows up in GDP and how GDP would be affected with a shift to green technologies.

    $2.49

    ADVERTISEMENT