ECONOMICS (CBSE/UGC NET)

ECONOMICS

GDP

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the following measure of welfare focuses on people and their capabilities to access the development and welfare of a country?

A	Social Progress Index
B	Gross Domestic Product
C	Human Development Index
D	Gross National Happiness Index

Explanation:

Detailed explanation-1: -The HDI was created to emphasize that people and their capabilities should be the ultimate criteria for assessing the development of a country, not economic growth alone.

Detailed explanation-2: -How is it defined? 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: -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.

Detailed explanation-5: -The correct answer is Its per capita income.

There is 1 question to complete.