Explain the three components of Human Development Index. (3marks)
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Human Development Index (HDI) is a static composite indicator that is used to rank the levels of development among countries. 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).
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The three dimensions include health, education, and living standards. The health indicator is life expectancy at birth. Education indicators include the mean years of schooling and expected years of schooling. The living standards indicator is the gross national income per capita.
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