Social Sciences, asked by sukhman32, 1 year ago

explain the components for calculating HDI and how is it a better indicator of the country's economic development.
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Answers

Answered by pawanarora1
3
Published on 4 November 2010 (and updated on 10 June 2011), the 2010 Human Development Index (HDI) combines three dimensions:

A long and healthy life: Life expectancy at birth.Education index: Mean years of schooling and Expected years of schooling.
A decent standard of living: GNI per capita (PPP US$).
Answered by qwerty12345m
6
Economic development is a broader concept than economic growth. Development reflects social and economic progress and requires economic growth. Growth is a vital and necessary condition for development, but it is not a sufficient condition as it cannot guarantee development.
One of the most compelling definitions of development is that proposed by Amartya Sen.
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