what are essential components of HDI
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Answer:
Explanation: 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.
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The three basic components of HDI to know about the development of the countries is as under:
1.Life expectancy at birth, as an index of population health and longevity
2.Knowledge and education, as measured by the adult literacy rate (with two-thirds weighting) and the combined primary, secondary, and tertiary gross enrolment ratio (with one-third weighting).
3.Standard of living, as measured by the natural logarithm of gross domestic product per capital at purchasing power parity.