Economic Impacts
What does GDP stand for?
Gross Domestic Product
True or false: Economic growth in a country always leads to improved wellbeing of its citizens
False.
There are many cases in which families living in underdeveloped communities achieve high levels of happiness and satisfaction (e.g. children in India observed by Hugh van Cuylenburg, founder of the Resilience Project).
It works the other way too - many rich individuals remain unsatisfied as they continually pursue the unfulfilling quest of gaining "more".
Identify two causes of air pollution
Example answers: fumes from transportation vehicles, coal-powered electricity, factory exhaust, bushfire smoke, cooking methods,
Name one developed country and one developing country
Developed country examples: Australia, USA, UK, Canada, New Zealand, Norway, Finland, Sweden, Denmark, Singapore, Netherlands, Japan, South Korea
Developing country examples: Algeria, Benin, Bolivia, Cambodia, Central African Republic, Chad, Liberia, Libya, South Sudan, Somalia, Sierra Leone, Malawi
Name three factors that contribute to a high standard of living
Example answers: access to education, free healthcare, low crime, high life expectancy, low pollution, low cost of living
Identify 5 global currencies
Example answers: AUD, USD, euro, yen (Japan), rupee (India), peso (used differently in a variety of South American countries), pound sterling (United Kingdom)
Example answers: Human Development Index, World Happiness Report, life expectancy
Example answers: taking quicker showers, using sustainable dishwasher settings, using sustainable washing machine settings, repairing leaks, turning off the tap, reusing household water to hydrate plants
Compare and contrast the terms 'developed nation' and 'developing nation'.
Developed countries have high levels of economic prosperity, technological advancements, and infrastructure. They typically have well-established healthcare and education systems, stable political structures, and high standards of living. On the other hand, developing countries face various challenges such as poverty, limited access to education and healthcare, inadequate infrastructure, and political instability. These countries are characterized by a lower GDP per capita, higher levels of unemployment, and a greater reliance on agriculture and natural resources.
Define the term 'quality of life'.
According to the Oxford Dictionary, quality of life is "the standard of health, comfort, and happiness experienced by an individual or group".
Fill in the blank. You must be within 0.05 of the correct answer.
$1 AUD = ______ USD
$0.67
Last updated 16/9/25
Explain how having a strong connection to the local community improves human wellbeing
Communities combat loneliness, offer collective support and provide a sense of belonging improving a person's emotional health as they experience more joy and social health as they learn to bond with others.
Describe how rising sea levels impact human wellbeing
* Impacts physical health by increasing exposure to water-borne illnesses
* Impacts social health as people in low housing are displaced
* Damaged roads and infrastructure block access to resources (education, healthcare, work, shops, etc)
* Displacement can lead to anxiety, depression or PTSD
Choose one advantage of living in a developed nation and describe how it has a positive impact on human wellbeing
Answers will vary depending on chosen advantage.
Sample answer: Living in a developed nation improves access to education. This education helps individuals to find employment and earn enough money to live comfortably.
Outline the Danish concept of 'hygee' and describe its impact on human wellbeing
Sample answer: