Question

How is income indicator used to measure the economic development of a country?

Answer 1

Answer:

Human Development Index (HDI)

The HDI was introduced in 1990 as part of the United Nations Development Programme (UNDP) to provide a means of measuring economic development in three broad areas – per capita income, heath and education. The HDI tracks changes in the level of development of countries over time.

Answer 2

Answer:

The Human Development Index (HDI)

The HDI was introduced in 1990 as part of the United Nations Development Programme (UNDP) to provide a means of measuring economic development in three broad areas – per capita income, heath and education. The HDI tracks changes in the level of development of countries over time.