Question

explain hdi as an indicator of economic development

Answer 1

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Answer 2

The Human Development Index (HDI) is a measure of economic development and economic welfare. The Human Development Index examines three important criteria of economic development (life expectancy, education and income levels) and uses this to create an overall score between 0 and 1.

1 indicates a high level of economic development,0 a very low level.

The HDI combines:

Life Expectancy Index.

Average life expectancy compared to a global expected life expectancy.

Education Indexmean years of schoolingexpected years of schoolingIncome Index (GNI at PPP)