Nicola Sturgeon: Why governments should prioritize well-being

The video discusses the limitations of GDP as a measure of a country's success, advocating for a broader focus on well-being. It highlights Scotland's initiative in forming the Wellbeing Economy Governments Group with Iceland and New Zealand, aiming to prioritize collective well-being over mere economic growth. The video also touches on policy implications and global examples of well-being-focused strategies.

What did Adam Smith argue was a better measure of a country's wealth than just gold and silver reserves?

• The size of the military

• The number of wealthy individuals

• The amount of natural resources

• The totality of production and commerce

What is the main criticism of GDP as a measure of success mentioned in the video?

• It focuses too much on international trade

• It only measures economic growth

• It ignores the quality and fulfillment of work

• It is too difficult to calculate

What is the primary goal of the Wellbeing Economy Governments Group?

• To increase GDP growth

• To focus on collective well-being

• To reduce government spending

• To promote international trade

Which countries are founding members of the Wellbeing Economy Governments Group?

• Scotland, Iceland, and New Zealand

• Scotland, Ireland, and Australia

• Iceland, Norway, and Sweden

• New Zealand, Canada, and Finland

What does Scotland's national performance framework include as indicators?

• GDP and inflation rates

• Income inequality and happiness of children

• Military strength and political stability

• Trade balance and foreign investments

What is the purpose of Scotland's just transition commission?

• To guide the path to a carbon-zero economy

• To promote international trade

• To increase GDP

• To reduce taxes

Which country published its first well-being budget in 2019?

• Iceland

• Scotland

• Australia

• New Zealand

What principle did Adam Smith highlight in 'The Theory of Moral Sentiments'?

• The necessity of international trade

• The value of government is judged by the happiness of its people

• The importance of military power

• The significance of technological advancement

What is Scotland's vision for future generations?

• To lead in technological innovation

• To become a military superpower

• To prioritize well-being over wealth

• To focus solely on economic growth

What historical role does Scotland aim to play in the modern world?

• Leading the world in financial markets

• Leading the world in space exploration

• Leading the world into the low-carbon age

• Leading the world in military advancements