6) What are essential components of HDI
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health, education, and income - are intended to capture the essential dimensions of the quality of human life or human development.
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It is classified into three components, namely, life expectancy (years at birth), life expectancy(expected years of schooling), and Standard of living (GDP/GNI per capita.
Explanation:
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.
Its components – health, education, and income - are intended to capture the essential dimensions of the quality of human life or human development.
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