Question

Energy intensity, energy-gdp elasticity

Answer 1

Energy elasticity. Energy elasticity is a term used with reference to the energy intensity of Gross Domestic Product. It is "the percentage change in energy consumption to achieve one per cent change in national GDP". ... For every one percent increase in GDP, energy demand grew by 1.5 percent.

Answer 2

Answer:

Energy elasticity is a term used with reference to the energy intensity of Gross Domestic Product. It is "the percentage change in energy consumption to achieve one per cent change in national GDP". ... For every one percent increase in GDP, energy demand grew by 1.5 percent.