Sustainable Prosperity Quiz

Understanding Sustainable Prosperity

• Sustainable prosperity has different meanings depending on the context and perspective of the person using the term.
• For some, sustainable prosperity means balancing environmental, social, and economic factors to ensure stewardship of resources for future generations.
• The Nova Scotia government proposed legislation called the Environmental Goals and Sustainable Prosperity Act to reduce greenhouse-gas emissions and encourage renewable energy.
• Others believe that sustainable prosperity is achieved through freer trade and increased productivity without government intervention.
• Sustainable prosperity extends beyond economics and trade to include the needs of society and the environment.
• The United Nations uses the term sustainable development to meet the needs of the present without compromising future generations' ability to meet their needs.
• Various measures are used to develop an accurate picture of how countries share in sustainable prosperity and how it changes over time.
• Gross domestic product (GDP) is a widely used measure of a country's economy's health and its people's prosperity.
• GDP per person is used to measure the standard of living, and changes in GDP can track a country's economic health.
• The human development index (HDI) measures quality of life based on longevity, knowledge, and standard of living, and is used to classify countries as developed, developing, or underdeveloped.
• Norway ranks first on the HDI, and Canada ranks sixth, but sharp differences exist between the general population and Aboriginal people's quality-of-life indicators.
• The drawbacks of measuring prosperity through GDP and HDI include averaging, which can be deceiving, and not accounting for differences in income distribution and quality of life indicators within a country.

Test your knowledge on sustainable prosperity with this insightful quiz! From the meaning of sustainable prosperity to its various measures and drawbacks of measuring it, this quiz covers it all. Challenge yourself and learn more about this important topic by taking the quiz now!