ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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FDI (Foreign Direct Investment)
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GDP (Gross Domestic Product)
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HDI (Human Development Index)
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GNP (Gross National Product)
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Detailed explanation-1: -The Human Development Index (HDI) measures each country’s social and economic development by focusing on the following four factors: mean years of schooling, expected years of schooling, life expectancy at birth, and gross national income (GNI) per capita.
Detailed explanation-2: -Human Development Index Indicators. The Human Development Index (HDI) is a comparative measure of life expectancy, literacy, education, standards of living, and quality of life for countries worldwide.
Detailed explanation-3: -Human Development Indicators, issued annually by the United Nations Development Programme (UNDP), provide broad measures of well-being across three data dimensions: life expectancy, education and purchasing power parity.
Detailed explanation-4: -The HDI is a summary composite measure of a country’s average achievements in three basic aspects of human development: health, knowledge and standard of living.