Asked by Tyrik Lawson on Apr 23, 2024
Verified
Which of the following is a characteristic of economic growth?
A) Economic growth usually protects quantity and quality of natural capital.
B) Economic growth decreases the flow of matter and energy resources through society.
C) Economic growth is generally measured by gross domestic product (GDP) .
D) Economic growth measures usually include social and environmental well-being.
Economic Growth
An increase in the economic output and wealth of a country, typically measured by the gross domestic product (GDP).
Natural Capital
The world's stocks of natural assets which include geology, soil, air, water, and all living organisms.
Gross Domestic Product
The total value of all goods and services produced within a country in a specific time period, a measure of economic performance.
- Acquire knowledge on the consequences of economic prosperity on both environmental and social frameworks.
Verified Answer
NF
Nicholas FosterApr 30, 2024
Final Answer :
C
Explanation :
Economic growth is generally measured through the increase in gross domestic product (GDP).
Answer: A (partially true)
Economic growth tends to put pressure on the quantity and quality of natural capital, as increased economic activity often leads to greater consumption of natural resources. However, some argue that economic growth can also lead to more sustainable practices if companies invest in renewable resources and eco-friendly technologies.
Answer: D (partially true)
While GDP is the most common measure of economic growth, there have been efforts to incorporate social and environmental well-being into economic indicators, such as the Genuine Progress Indicator (GPI). However, these alternative measures are not yet widely used.
B is not a characteristic of economic growth, but rather the opposite. Economic growth often entails an increase in the consumption of matter and energy resources through greater industrial activity and production.
Answer: A (partially true)
Economic growth tends to put pressure on the quantity and quality of natural capital, as increased economic activity often leads to greater consumption of natural resources. However, some argue that economic growth can also lead to more sustainable practices if companies invest in renewable resources and eco-friendly technologies.
Answer: D (partially true)
While GDP is the most common measure of economic growth, there have been efforts to incorporate social and environmental well-being into economic indicators, such as the Genuine Progress Indicator (GPI). However, these alternative measures are not yet widely used.
B is not a characteristic of economic growth, but rather the opposite. Economic growth often entails an increase in the consumption of matter and energy resources through greater industrial activity and production.
Learning Objectives
- Acquire knowledge on the consequences of economic prosperity on both environmental and social frameworks.