ECONOMICS (CBSE/UGC NET)

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ECONOMICS

ECONOMIC GROWTH

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Suppose the Human Development Index of a country increases. Which of the following are the possible reasons for such an increase?(1) People live longer than before.(2) The education level of the general public increases.(3) Income is more evenly distributed.(4) People are healthier than before.
A
(1) and (4) only
B
(1), (2) and (3) only
C
(1), (2) and (4) only
D
(2), (3) and (4) only
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: -A country scores a higher level of HDI when the lifespan is higher, the education level is higher, and the gross national income GNI (PPP) per capita is higher.

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: -The Human Development Index (HDI) is a single index measure that aims to record the three key dimensions of human development: access to knowledge, a decent standard of living, and long and healthy life. In other words, the Human Development Index is practiced to measure how development has improved human life.

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