Is Growth Good?

One of the key assumptions of macroeconomics is that "more is better" or, in a macroeconomic sense, "growth is good." But does economic growth always increase happiness of its citizens?

1. What do you think about the relationship between wealth and happiness? What makes you happy on a day-to-day basis? Over the long term? What type of challenges might appear?

Instructions: Answer the above questions using macroeconomics concepts, data, theories, graphs and real examples. Structure your answer.