Podcast
Questions and Answers
According to the Easterlin paradox, what is the relationship between long-term growth rates of happiness and income?
According to the Easterlin paradox, what is the relationship between long-term growth rates of happiness and income?
- There is no significant correlation between happiness and income growth (correct)
- Happiness decreases as income grows
- Income growth leads to initial increases in happiness, but eventually levels off
- Happiness increases proportionally with income growth
What is a limitation of objective measures of well-being?
What is a limitation of objective measures of well-being?
- They require normative choices and assumptions (correct)
- They are only applicable to developed countries
- They rely on social comparisons
- They are difficult to quantify
What does the Capability Approach focus on, according to Sen?
What does the Capability Approach focus on, according to Sen?
- The kinds of activities individuals can undertake and the kinds of persons they can be (correct)
- The amount of resources available to individuals
- The overall happiness of a population
- The average income of a country
What is a criticism of the traditional models of well-being, according to Sen?
What is a criticism of the traditional models of well-being, according to Sen?
Why does the Easterlin paradox suggest that additional income does not necessarily lead to additional happiness?
Why does the Easterlin paradox suggest that additional income does not necessarily lead to additional happiness?
What is a limitation of using GDP as a measure of well-being?
What is a limitation of using GDP as a measure of well-being?
What is the main critique of GDP as a measure of economic performance?
What is the main critique of GDP as a measure of economic performance?
What is the primary advantage of using subjective measures of well-being?
What is the primary advantage of using subjective measures of well-being?
What is the purpose of the Stiglitz-Sen-Fitoussi Commission?
What is the purpose of the Stiglitz-Sen-Fitoussi Commission?
What is the underlying idea behind the phrase 'what we measure affects what we do'?
What is the underlying idea behind the phrase 'what we measure affects what we do'?
Which of the following is NOT a dimension of well-being considered beyond the economic sphere?
Which of the following is NOT a dimension of well-being considered beyond the economic sphere?
What is the main idea behind the research stream that focuses on subjective measures of well-being?
What is the main idea behind the research stream that focuses on subjective measures of well-being?
What is being challenged by the concept of Human Development?
What is being challenged by the concept of Human Development?
According to Simon Kuznets, what cannot be inferred from a measurement of national income?
According to Simon Kuznets, what cannot be inferred from a measurement of national income?
What is the main limitation of GDP, according to R.Kennedy?
What is the main limitation of GDP, according to R.Kennedy?
What is the main argument in favour of going beyond GDP?
What is the main argument in favour of going beyond GDP?
What is the goal of new frameworks aimed at measuring wellbeing?
What is the goal of new frameworks aimed at measuring wellbeing?
What is the relation between the economic sphere and a worthwhile life, according to the concept of Human Development?
What is the relation between the economic sphere and a worthwhile life, according to the concept of Human Development?
The traditional development vision assumes that the higher the consumption, the higher the well-being or utility.
The traditional development vision assumes that the higher the consumption, the higher the well-being or utility.
The concept of Human Development only considers the economic sphere as a measure of well-being.
The concept of Human Development only considers the economic sphere as a measure of well-being.
GDP growth is directly proportional to well-being growth.
GDP growth is directly proportional to well-being growth.
Simon Kuznets and R.Kennedy both agree that GDP is an accurate measure of well-being.
Simon Kuznets and R.Kennedy both agree that GDP is an accurate measure of well-being.
The concept of Human Development focuses solely on individual well-being.
The concept of Human Development focuses solely on individual well-being.
There is a direct correlation between income and happiness, according to the Easterlin paradox.
There is a direct correlation between income and happiness, according to the Easterlin paradox.
The Capability Approach focuses on individual freedoms and choices in achieving wellbeing.
The Capability Approach focuses on individual freedoms and choices in achieving wellbeing.
The Easterlin paradox suggests that happiness increases with income beyond a certain subsistence level.
The Easterlin paradox suggests that happiness increases with income beyond a certain subsistence level.
Measures of Objective Well-being include factors such as life expectancy and poverty rates.
Measures of Objective Well-being include factors such as life expectancy and poverty rates.
The traditional models of well-being, such as utilitarianism and resourcism, provide a comprehensive understanding of human wellbeing.
The traditional models of well-being, such as utilitarianism and resourcism, provide a comprehensive understanding of human wellbeing.
Social inequality is considered in the measurement of GDP.
Social inequality is considered in the measurement of GDP.
The Capability Approach is a subjective measure of wellbeing.
The Capability Approach is a subjective measure of wellbeing.
Social comparison is a key factor in the relationship between income and happiness, according to the Easterlin paradox.
Social comparison is a key factor in the relationship between income and happiness, according to the Easterlin paradox.
Subjective measures of well-being are not useful in measuring quality of life.
Subjective measures of well-being are not useful in measuring quality of life.
The Stiglitz-Sen-Fitoussi Commission was established to improve the measurement of GDP.
The Stiglitz-Sen-Fitoussi Commission was established to improve the measurement of GDP.
Measures of subjective well-being are not good proxies for Quality of Life.
Measures of subjective well-being are not good proxies for Quality of Life.
Official statistics are not involved in the process of measuring economic performance and social progress.
Official statistics are not involved in the process of measuring economic performance and social progress.
GDP is a comprehensive measure of human progress.
GDP is a comprehensive measure of human progress.
What is the main criticism of the traditional models of well-being, such as utilitarianism and resourcism, according to Sen?
What is the main criticism of the traditional models of well-being, such as utilitarianism and resourcism, according to Sen?
What is the key factor in the relationship between income and happiness, according to the Easterlin paradox?
What is the key factor in the relationship between income and happiness, according to the Easterlin paradox?
What is the main advantage of the Capability Approach to well-being?
What is the main advantage of the Capability Approach to well-being?
What is the main limitation of using GDP as a measure of well-being?
What is the main limitation of using GDP as a measure of well-being?
What is the goal of new frameworks aimed at measuring well-being?
What is the goal of new frameworks aimed at measuring well-being?
What is the relationship between income and happiness, according to the Easterlin paradox?
What is the relationship between income and happiness, according to the Easterlin paradox?
What is the main limitation of GDP as a measure of well-being, according to R.Kennedy?
What is the main limitation of GDP as a measure of well-being, according to R.Kennedy?
What is the main limitation of GDP, according to the Stiglitz-Sen-Fitoussi Commission, in terms of measuring human progress?
What is the main limitation of GDP, according to the Stiglitz-Sen-Fitoussi Commission, in terms of measuring human progress?
What is the underlying idea behind the concept of Human Development?
What is the underlying idea behind the concept of Human Development?
What dimension of well-being is considered beyond the economic sphere, according to the Stiglitz-Sen-Fitoussi Commission?
What dimension of well-being is considered beyond the economic sphere, according to the Stiglitz-Sen-Fitoussi Commission?
What is the underlying idea behind the research stream that focuses on subjective measures of well-being?
What is the underlying idea behind the research stream that focuses on subjective measures of well-being?
What is the main argument in favour of going beyond GDP?
What is the main argument in favour of going beyond GDP?
What is the significance of asking people about their satisfaction with their life as a whole, according to the research stream on subjective measures of well-being?
What is the significance of asking people about their satisfaction with their life as a whole, according to the research stream on subjective measures of well-being?
What is the goal of new frameworks aimed at measuring well-being?
What is the goal of new frameworks aimed at measuring well-being?
Why is it important to consider multiple dimensions of well-being, beyond the economic sphere?
Why is it important to consider multiple dimensions of well-being, beyond the economic sphere?
What does Simon Kuznets emphasize about national income and well-being?
What does Simon Kuznets emphasize about national income and well-being?
What is the implication of the phrase 'what we measure affects what we do' in the context of measuring economic performance and social progress?
What is the implication of the phrase 'what we measure affects what we do' in the context of measuring economic performance and social progress?
What is the primary focus of the Capability Approach, according to Sen?
What is the primary focus of the Capability Approach, according to Sen?
