Quiz: Facets of Growth

Which of the following definitions explains economic growth the best?

Economic growth is the increase in the market value of the goods produced by an economy over time.
Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time.
Economic growth is the sum of market prices of the goods and services produced by an economy during the year.

Which of the following indicator is used the most frequently to measure economic growth?

Gross domestic product
Average income
Purchasing power of money

Which list of the production factors that influence a country’s economic growth is complete?

Mineral resources, water resources, forest, labor
Manufacturing companies, stores, suppliers, demanders
Land, labor, capital, entrepreneurship

In the early 1970s, researchers at the Massachusetts Institute of Technology concluded that …

… the number of people, the area of arable land, the amount of minerals extracted, and the economy as a whole, cannot grow indefinitely on a finite planet Earth
… the number of people, the area of arable land, the amount of minerals extracted, and the economy as a whole, can grow indefinitely on a finite planet Earth
… with the advance of economic growth, a history of global poverty reduction has begun

The linear economic model means …

… that more and more labor force is included in the economy, and they are withdrawing from the economy once they have retired
… that more and more capital is included in the economy, and it does not generate enough interest
… that more and more natural resources are included in the economy, and they are removed from the economy as waste and pollution very quickly

Which of these statements is true?

Sustainable development is goal-directed development that ensures the improvement of people's quality of life as a result of liberal economic development
Sustainable development of society is a purposefully targeted development that ensures social justice and the improvement of people’s quality of life in line with the nature of natural resources and the tolerability of ecosystems
The goal of sustainable development is to protect nature and organize the use of ecosystems taking into account their carrying capacity

In sustainable development policy decoupling is defined …

… as economic growth without an increase in environmental costs
… as the prevention of undesired energy transfer between electrical media
… as the transition from close interactions between particles to their effective independence

Agenda 2030 is a policy document for the implementation of the idea of sustainable development. How many Sustainable Development Goals are written in Agenda 2030?

15
17
35

Which of the following points of view represents the basic position of the critique of sustainable development?

It is possible to maintain the environment's state in conditions of continuous economic growth
Economic growth must be continuous, the environment will regenerate itself
It is impossible to maintain the environment's state in conditions of continuous economic growth

Which the following is the overarching goal of Agenda 2030?

To ensure the achievement of a good state of ecosystems
To eradicate poverty everywhere and to ensure a dignified and good quality of life for all while respecting the capabilities of the natural environment.
To ensure a dignified and good quality of life for all by increasing the supply of goods and services.

Economic Growth and Sustainable Development

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