Option 2. 10% GDP
Explanation: Climate change has the potential to lower US GDP by 10%, according to a recent study.
QUESTION 48 Approximately, what is the projected damage from climate change? 2% of GDP each year...
QUESTION 48 Approximately, what is the projected damage from climate change? 2% of GDP each year 10% of GDP each year GDP for one year total GDP in 2020 QUESTION 49 What is shadow pricing? Estimating prices for items (such as species loss) that cannot be easily priced A sitution where prices are rising When prices for amenities are inaccurate A situation where prices are falling QUESTION 50 Why might animals be affected more by climate change than humans are?...
QUESTION 34 What is abatement? Getting used to climate change Reducing damages by mitigation Not emitting carbon Cleaning up damages from emissions QUESTION 35 Which of the following is not an economic metric for estimating climate change damages? Social damage as a function of GDP social cost of carbon O optimal temperature conditional on abatement and damage total stock of carbon emissions QUESTION 36 Is the social discount rate a constant value? Yes, it is always positive No, it can...
QUESTION 15 Which of these factors will increase the economic damage from climate change? O High levels of abatement Low levels of abatement O More countries abating Cheaper abatement techniques
QUESTION 35 Which of the following is not an economic metric for estimating climate change damages? O Social damage as a function of GDP o social cost of carbon O optimal temperature conditional on abatement and damage total stock of carbon emissions
QUESTION 23 What economic metrics do economists use to measure climate change? Social Cost of Carbon O Present Value damages from climate change as a percent of GDP O Net losses in GDP from damages minus abatement All of the above
QUESTION 23 2 points Save Answer What economic metrics do economists use to measure climate change? O Social Cost of Carbon O Present Value damages from climate change as a percent of GDP O Net losses in GDP from damages minus abatement O All of the above QUESTION 24 2 points 2 points Save Answer Save Answer The social discount rate is not the same as the market interest rate. Why? O capital markets adjust to all risks O market...
QUESTION 4 What does the Social Cost of Carbon include? o Only damages from climate change each year Only damages from climate change every year O Future damages net of abatement O Future damages plus abatement cost
QUESTION 4 What does the Social Cost of Carbon include? Only damages from climate change each year Only damages from climate change every year Future damages net of abatement Future damages plus abatement cost QUESTION 5 What does the Marginal Abatement Cost function show? How much it costs to abate an extra unit of carbon How much it costs to increase temperatures How much it costs to abate ll carbon emissions How much it costs to reduce climate change damages...
Question 1: A) Suppose global climate models call for 2 °C of warming in the climate between 2020 and 2050, and that corn yields decrease 10% for every degree of warming. The baseline yield growth rate is 1% per year. What is the yield gain (in % terms) between 2020 and 2050 without climate change? What is the yield gain (in % terms) between 2020 and 2050 with climate change? B) Now suppose that scientists have developed new, genetically modified...
Suppose global climate models call for 2 °C of warming in the climate between 2020 and 205 and that corn yields decrease 10% for every degree of warming. The baseline yield growth rat is 1% per year, what is the yield gain (in % terms) between 2020 and 2050 without climate change? what is the yield gain (in % terms) between 2020 and 2050 with climate change? (4) A)