Question

Importance of human development Index in 3 points​

Answer 1

Answer:

Human Development Index is a measure of economic development and economic welfare. The Human Development Index examines three important criteria of economic development and uses this to create an overall score between 0 and 1. 1 Indicates a high level of economic development while 0 is a very low level. The Human Development Index combines the following three criteria of economic development.

1) Life Expectancy Index :

Average life expectancy is compared to a global expected life expectancy.

2) Education Index :

a) Mean years of schooling.

b) Expected years of schooling.

3) Income Index

The HDI gives an overall index of economic development. It gives a rough ability to make comparisons on issue of of economic welfare - much more than just using GDP statistics. Human Development Index is important because it helps us to know how a country is doing. It is a better measure of a country's progress.

Answer 2

hey mate here is your answer...

➡️ The HDI gives an overall index of economic development. It gives a rough ability to make comparisons on issue of of economic welfare - much more than just using GDP statistics. Human Development Index is important because it helps us to know how a country is doing. It is a better measure of a country's progress..

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