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Net Economic Welfare is a proposed national income measure that attempts to put a value on the costs of pollution, crime, congestion, and other 'negative' spinoffs, in order to find a better measure of true national income. To date, it has not been widely adopted.
Net Economic Welfare also means - Adjusted measure of total national output, including only the consumption and investment items that contribute directly to economic well-being. Calculated as additions to gross national product , including the value of leisure and the underground economy, and deductions such as environmental damage. It is also known as net economic welfare.
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