Can An Economy Grow Forever? part 1: Introduction

The video discusses the historical context of economic growth since the Industrial Revolution, highlighting technological advancements that have increased productivity and wealth. It emphasizes the role of economic growth in improving living standards and reducing poverty, particularly in China. However, it questions the sustainability of continuous growth, given the challenges of exponential expansion and resource limitations.

What major historical event is credited with initiating the era of significant economic growth?

• The Information Age

• The French Revolution

• The Industrial Revolution

• The Renaissance

Which technological advancement is NOT mentioned as a contributor to increased global productivity?

• Steam power

• Nuclear energy

• The Internet

• Fossil fuels

How has China's economic development over the past 30 years impacted global poverty?

• It has only benefited the wealthy.

• It has had no significant impact on poverty.

• It has pulled almost 1 billion people out of absolute poverty.

• It has increased poverty levels worldwide.

Why do politicians often promote the idea of economic growth?

• Because it reduces technological advancements.

• Because it decreases the population.

• Because it limits global trade.

• Because it usually leads to more wealth for more people.

What is a potential issue with maintaining a 3% economic growth rate over the long term?

• It results in a shrinking economy.

• It causes exponential growth, which may not be sustainable.

• It eliminates technological advancements.

• It leads to a decrease in living standards.