ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Select 2 more components that the HDI considers.
A
The % of population who are literate (can read and write)
B
How many people own mobile phones
C
Life expectancy
D
how many babies people have
E
The continent people live on
Explanation: 

Detailed explanation-1: -LEI is equal to 1 when life expectancy at birth is 85 years, and 0 when life expectancy at birth is 20 years. Fifteen is the projected maximum of this indicator for 2025. Eighteen is equivalent to achieving a master’s degree in most countries.

Detailed explanation-2: -The Human Development Index (HDI) provides a single index measure to capture three key dimensions of human development: a long and healthy life, access to knowledge and a decent standard of living.

Detailed explanation-3: -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-4: -Education. Life Expectancy. Per Capita Income.

There is 1 question to complete.