Economics arrives at the conclusion that economic growth will always improve economic well-being. Do you agree?

A. No, economic growth has caused global warming that creates a very dangerous world for this and future generations.

B. Yes, economic growth increases living standards, improves health and education, and builds a corruption-free society.

C. No, economic growth has empowered multinational companies who often exploit workers and the environment of the host country.

D. No, economic growth increases pollution, depletes natural resources, and creates a new kind of health problem.

The answer is: B) Yes, economic growth increases living standards, improves health and education, and builds a corruption-free society.

Explanation:

Economic growth refers to an increase in the production of goods and services in an economy (country, regional, state, or local), comparing one year (or other time period) to the previous.

As a whole, economic growth is always positive; it increases the living standards of the population, results in better education and healthcare, longer life expectancy, safer cities, etc.

It doesn't mean that some problems may not appear. But you must consider that problems are usually solved more easily when you have plenty of available resources. For instance, imagine you get seriously ill. Would you rather live in a city with great modern hospitals and excellent health care, or would you be better off living in an underdeveloped nation with?