Outline the differences between the GDP, real GDP and green GDP.

In order to measure, track and sustain economic growth, several different growth indicators are used. Among these, the GDP, real GDP and green GDP are included. The Gross Domestic Product (GDP) is defined as, is the monetary value of all finished goods and services made within a country during a specific period, often calculated by C+I+G+ (X-M). The Real GDP, however, is the original GDP adjusted for inflation rates. Inflation impacts the GDP by changing the value of final goods and services over time, which is why the real GDP provides are more realistic view of a given country's output. The Green GDP, differs from both the real and original GDP as it takes into account the environmental consequences of economic growth. In other words, it is the original GDP adjusted for environmental impact. The Green GDP monetises the loss of biodiversity, costs of climate change, carbon emissions and more.