4.1.3 Consequences of Growth

• What is economic growth typically measured by?

  Real GDP growth rate
• Economic growth leads to a higher standard of living.


  True
• Higher business profits and incomes generate more government revenue.
• Ordering the positive consequences of economic growth

  1️⃣ Higher Living Standards

  2️⃣ More Government Revenue

  3️⃣ Increased Employment

  4️⃣ Technological Advancement
• What is one negative consequence of economic growth related to the environment?

  Environmental damage
• Rapid economic growth can cause inflation, reducing the purchasing power of consumers.

  True
• Match the negative consequence with its explanation:

  Environmental Damage ↔️ Increased production leads to pollution and resource depletion.

  Income Inequality ↔️ Growth benefits are not evenly distributed.

  Inflation ↔️ Rapid growth causes prices to rise.

  Unsustainable Debt ↔️ Governments borrow heavily to finance growth.
• Sustainable economic growth meets the needs of the present without compromising future generations.
• Ordering the key strategies for achieving sustainable growth

  1️⃣ Invest in Green Technologies

  2️⃣ Reduce Resource Depletion

  3️⃣ Promote Sustainable Consumption

  4️⃣ Implement Environmental Policies
• What does sustainable economic growth aim to address?

  Environmental damage
• Income redistribution policies aim to evenly distribute the benefits of growth.


  True
• What is the goal of adopting sustainable approaches in economies?

  Mitigate negative side effects
• Promoting responsible use of natural resources ensures their long-term availability.


  True
• Brazil's economic boom led to increased government revenue and investment, but also environmental damage.
• Steps for managing the negative consequences of economic growth:

  1️⃣ Identify negative consequences

  2️⃣ Implement sustainable policies

  3️⃣ Monitor and adjust policies

  4️⃣ Ensure long-term sustainability
• Economic growth refers to the increase in the productive capacity of an economy over time.
• How does economic growth improve living standards?

  Higher incomes
• Economic growth reduces unemployment by creating more job opportunities.


  True
• Match the consequence with its explanation:

  Higher Living Standards ↔️ Increased incomes allow people to afford more goods and services.

  More Government Revenue ↔️ Higher business profits generate more tax revenue.

  Increased Employment ↔️ Businesses expand, creating more job opportunities.

  Technological Advancement ↔️ Economic growth stimulates innovation and productivity.
• Economic growth may lead to income inequality as the benefits are not evenly distributed.
• Why might governments accumulate unsustainable debt during economic growth?

  To finance growth
• What does sustainable economic growth aim to address?

  Environmental damage
• Investing in green technologies is a key strategy for sustainable economic growth.


  True
• Match the sustainable growth strategy with its explanation:

  Green Technologies ↔️ Invest in renewable energy and energy-efficient methods.

  Resource Management ↔️ Use resources efficiently to reduce depletion.

  Sustainable Consumption ↔️ Encourage responsible buying habits.

  Environmental Policies ↔️ Implement regulations to protect the environment.
• Investing in renewable energy is an example of a green technology.
• Match the strategy with its purpose:

  Green Technologies ↔️ Reduce environmental impact

  Income Redistribution ↔️ Distribute growth benefits evenly

  Sustainable Resource Use ↔️ Ensure long-term availability

  Circular Economy ↔️ Reuse and recycle materials
• Investing in energy-efficient technologies reduces environmental impact.
• What is a negative consequence of China's rapid economic growth?

  Severe environmental degradation
• South Korea's export-driven model has raised concerns about work-life balance.


  True
• Which country's growth led to widening income inequality despite lifting millions out of poverty?

  China