ECONOMICS
ECONOMIC GROWTH
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
level of education (mean years of schooling)
|
|
|
life expectancy
|
|
|
per capita income (GDP divided by population)
|
|
|
electricity access
|
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: -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.
Detailed explanation-3: -National income is the total value of all goods and services produced in one year. National income is not an indicator of Human Development Index.
Detailed explanation-4: -Calculation of the index combines four major indicators: life expectancy for health, expected years of schooling, mean of years of schooling for education and Gross National Income per capita for standard of living.