ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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0-1
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0-100
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0-10
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0-20
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Detailed explanation-1: -The HDI sets a minimum and a maximum for each dimension, called “goalposts", then shows where each country stands in relation to these goalposts. This is expressed as a value between 0 and 1. The higher a country’s human development, the higher its HDI value.
Detailed explanation-2: -Human Development Index Indicators HDI is calculated using a formula combining the Life Expectancy Index, Education Index, and Income Index. The resulting HDI number ends up between 0 and 1, with 0 being the least human development and 1 the most.
Detailed explanation-3: -The Human Development Index examines three important criteria of economic development (life expectancy, education and income levels) and uses this to create an overall score between 0 and 1. 1 indicates a high level of economic development, 0 a very low level.