Economic Growth and Sustainability Issues

Economic Growth and Sustainability Issues

Assessment

Interactive Video

Social Studies, Business, Philosophy

11th - 12th Grade

Hard

Created by

Patricia Brown

FREE Resource

The video discusses the concept of being 'hooked on growth' and critiques the reliance on GDP as a measure of economic well-being. It highlights the limitations of GDP, especially during financial crises, and introduces the Genuine Progress Indicator (GPI) as a more comprehensive measure. The discussion extends to sustainability, emphasizing the need to redefine growth to focus on well-being, employment, and poverty reduction.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main argument against the current pursuit of economic growth?

It leads to increased oil consumption.

It no longer contributes to sustainable well-being.

It results in higher unemployment rates.

It is based on outdated economic theories.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was GDP originally designed to measure?

Social welfare

Economic activity and productivity

Economic well-being

Sustainable development

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT included in the Genuine Progress Indicator (GPI)?

Stock market performance

Income distribution

Household labor

Volunteer work

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the video suggest is more important than GDP?

Technological advancement

Financial growth

External costs and benefits

Market expansion

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Genuine Progress Indicator subtract from its calculations?

Income distribution

Cost of crime and pollution

Household labor

Volunteer work

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Since when has the Genuine Progress Indicator shown stagnation in the US?

1990

1985

1975

1969

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key component of sustainability according to the video?

Maximizing GDP

Creating rewarding jobs

Increasing oil production

Expanding market systems

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