Case Interview Prep

Category - Economics

The following are negative impacts of rapid economic growth EXCEPT:
  1. greater income disparities
  2. more environmental degradation
  3. higher quality of life
  4. resource depletion
Explanation
Answer: C - Higher quality of life is not a negative impact of rapid economic growth.

Key Takeaway: While rapid economic growth has generally lead to the development of societies and a higher quality of life for individuals, it has also lead to a number of negative impact. Unequal distribution of wealth and greater income disparities are negative consequences of economic growth. Greater environmental degradation due to industry activities are also negative consequences. Finally, depletion of natural resources such as oil and fish are consequences of economic growth.
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