GDP – Gross domestic product – output produced inside borders of nation regardless of the nationality of company owners P real GDP growth – expressed…

GDP – Gross domestic product – output produced inside borders of nation regardless of the nationality of company owners P real GDP growth – expressed in constant dollars of some base year to remove the effects of inflation P Improves material standard of living ? Reduced leisure, debased and depleted environment P Can growth be environmentally friendly? Is growth sustainable? P Ecological economists say no! What about money? If money flows fall?