State any four reasons why HDI of countries like Norway and Switzerland is so high?
Answers
The Human Development Index (HDI) is an aggregate of four numbers:
- Gross national income (GNI) per capita (at PPP) – almost the same as GDP
- Life expectancy (average years of living for a person born today)
- Two numbers for years of education:
The expected value for a 2-year old today
Avg. value for the whole population
Four reasons why HDI of countries like Norway and Switzerland is so high
1.Rich Economy: It is honestly regarded for being the area with the best residing standards, and its wealthy economic system is one of the main reasons.
2.Lowest Unemployment Rate: It additionally has extraordinarily low unemployment quotes in comparison to different international locations in the world, which additionally makes it a really efficient country.
3.Less population: Although the population of Norway is growing rapidly, the population is still only around 5 million and additionally it has greater wealth than maximum of the opposite countries, with much less populace wanting the share.
4.High Purchasing Power: Since Norwegians experience a excessive salary rate, their buying strength is excessive too.
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