ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The UN considers all but the following factors when determining a country’s level of development, its HDI (Human Development Index).
A
Life expectancy
B
Literacy rate
C
Income per capita
D
Natural increase rate
Explanation: 

Detailed explanation-1: -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-2: -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-3: -The Human Development Index (HDI) is a summary measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and having a decent standard of living. The HDI is the geometric mean of normalized indices for each of the three dimensions.

Detailed explanation-4: -Per Capita Income. A country’s level of human development is determined based on its per capita GDP. Educational Attainment. Life Expectancy. Level of Human Rights. Fulfilment of Basic Needs. Conclusion.

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