Quality of life

Question 1

GDP stand for?

Answer 1

Gross Domestic Product

Question 2

What is GDP?

Answer 2

a measure of the total economic activity within a country

Question 3

Expenditure approach (equation)

Answer 3

GDP = C + G + I + (X - M)

C - household consumption
G - government consumption
I - investment (buildings, mines)
(X-M) - Export - Import

• not companies, household between, not stock market

Question 4

Product approach

Answer 4

GDP = sum(value) over all production sectors

Question 5

Country comparisons

Answer 5

1. monetary exchange rates
2. PPP adjusted (purchase power parity)
   - to account for differences in price levels between countries
   - basket of goods based price

Question 6

3 measures of economical activity

Answer 6

• GDP - Gross Domestic Product - eco activity within country
• GNI - Gross national income - values owned by countries citizens
• NDP - net domestic production - values from domestic labour, but not cost of env. degradation

Question 7

Bwyond GDP measures

Answer 7

ISEW - index of susainable economic welfare

GDI - Genuine progress indicator

Question 8

Kuznets Curve

Answer 8

se F5

Question 9

Arguments for combining economic growth with reduction of GHG emissions

Answer 9

• Economic growth is a prerequisite for political will for environmental agreements
• the tech potentials make it possible

Question 10

Arguments against combining economic growth with reduction of GHG emissions

Answer 10

• GHG emissions strongly linked to economic activity
• Tech potentials can be questioned regarding meat consumption
• is society able to deliver the needed tech
• trends show that improvements in ecological efficiency cannot keep up with the overall growth in demand.

Question 11

Quality of life 2 diff approaches

Answer 11

1. objective indicators with doain, HDI, capabilities needs

2. Subjective indicators, mental state of mind, wellbeing

Question 12

What does HDI stand for

Answer 12

Human health index

• Health - life expectancy at birth
• Education - school enrolment and adult literacy rate
• Living standard - PPP (GDP/capita)

Question 13

Quality of life, 9 things

Answer 13

• Health
• Family life
• community life
• material wellbeing
• political stability and security
• climate and geography
• job security
• political freedom
• gender equality

Question 14

Explain Subjective theory of quality of life

Answer 14

SWB Subjective well-being 
- Affective component: feel happy, feel weel
 - Cognitive component: life satisfaction
Based on:
 - trust
 - functioning democracy
 - gender equality
 - low unemployment
 - income level above threshold