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The standard measure of economic growth is the annual percentage increase in real GDP. Using this as a target for government policy creates considerable problems, the most important of which is that this figure makes no allowances for the negative externalities associated with increasing real GDP. The destruction of the environment is often an unwelcome side effect of high levels of economic growth. It is arguable that environmental protection is more important than high growth rates and these should not be an objective of government policy.
queen babito answered the question on July 9, 2018 at 07:15
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