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Uses of Revised Indicators of National Wealth
Not only this, the revised indicators of national wealth can also be used,
(i) To compare the standard of living over time,
(ii) To compare the standard of living across countries,
(iii) As an indicator of necessary consumption, and
(iv) As a benefit-cost decision rule (i.e. to know whether or not a project having impact on environment should be undertaken).
There are other uses of these accounts for policy like the measurement of physical resource scarcity, valuation of depletion, measuring the incidence and burden of existing regulations and taxes, estimating emission taxes and providing environmental components of existing macro-policy models.
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