The HDI rank of a country indicates the place of the country in relation to other
countries in the field of development . Explain the importance of HDI.
Answers
Answer:
What Is the Human Development Index (HDI)
The Human Development Index (HDI) is a statistic developed and compiled by the United Nations to measure and various countries' levels of social and economic development. It is composed of four principal areas of interest: mean years of schooling expected years of schooling, life expectancy at birth, and gross national income per capita. This index is a tool used to follow changes in development levels over time and to compare the development levels of different countries.1
Explanation:
(HDI) The importance of human development index is that it is an essential indicator of the overall socio-economic conditions of a nation and its residents. Since it takes into account various parameters to determine the development of those areas, it is an effective way to evaluate the performance of every nation.