Problem set 5 questions

Problem set 5 - ECON 162B – 90 91 Kenny Christianson Spring 2008 due March 19 PROBLEM SET NUMBER FIVE 1 Go to the following website to read about

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Unformatted text preview: ECON 162B – 90, 91 Kenny Christianson Spring 2008 due: March 19 PROBLEM SET NUMBER FIVE 1. Go to the following website to read about the alternative measure of economic welfare developed by the Friends of the Earth: http://www.foe.co.uk/campaigns/sustainable_development/progress From there, read the “Introduction”, “Replacing GDP”, and “ISEW explained”. a. According to the website, is GDP a good measure of economic welfare? Why or why not? b. Briefly, what is the Index of Sustainable Economic Welfare? How is it calculated? Is it a better measure of the standard of living? Why or why not? 2. Go to the following website to determine your global footprint: www.myfootprint.org After completing the exercise contained on the site, answer the following questions: a. What is your global (or ecological) footprint? b. What are the factors that contribute to your global footprint? c. Why do people from New York City tend to have lower global footprints than others?...
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This note was uploaded on 04/07/2008 for the course ECON 162B taught by Professor Christianson during the Spring '08 term at Binghamton University.

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Problem set 5 - ECON 162B – 90 91 Kenny Christianson Spring 2008 due March 19 PROBLEM SET NUMBER FIVE 1 Go to the following website to read about

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