explain the basic components of human development index
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The Human Development Index (HDI) is a statistical measure (composite index) developed by the United Nations to assess the social and economic development. It of countries around the world. The HDI considers three indicators of human development, namely, life expectancy, education, and per capita income.
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Definition of 'Human Development Index'
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.
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