Understanding Economic Growth and Sustainability

The video explores the concept of a healthy economy, challenging the traditional view that endless growth signifies progress. It critiques GDP as a measure of welfare and introduces the doughnut model, which balances human needs with ecological limits. The model suggests that true prosperity involves ensuring no one is left in poverty while avoiding ecological degradation. The video emphasizes the need for balance, drawing parallels between human health and planetary health.

What metaphor is used to describe economies that focus on endless growth?

• Alice in Wonderland economics

• Cinderella economics

• Robin Hood economics

• Peter Pan economics

What does the transcript imply is a threat to the health of the whole?

• Balanced growth

• Sustainable growth

• Endless growth

• Limited growth

Who was tasked with creating a single number to measure economic output in the 1930s?

• John Maynard Keynes

• Adam Smith

• Simon Kuznets

• Milton Friedman

What does GDP fail to account for according to the transcript?

• Technological advancements

• Military expenditure

• Unpaid caring work and community value

• International trade

What is the dream associated with GDP growth mentioned in the transcript?

• Increasing GDP while increasing resource use

• Decreasing GDP while increasing resource use

• Decreasing GDP while decreasing resource use

• Increasing GDP while decreasing resource use

What shape is used to represent the new model for 21st-century prosperity?

• A doughnut

• A triangle

• A square

• A circle

In the doughnut model, what does the inner circle represent?

• Lack of essential resources

• Excessive resource use

• Economic growth

• Technological advancement

What is the outer limit of humanity's resource use called in the doughnut model?

• Ecological degradation

• Social foundation

• Economic ceiling

• Resource boundary

What is the key to health according to the metaphor used in the transcript?

• Rapid growth

• Minimalism

• Balance

• Excessive consumption

What does the transcript suggest is necessary for understanding the interdependence of our world?

• Technological innovation

• Economic growth

• Balance in resource use

• Political reform