What are the advantages of Human Developer Index over Per Capita Income or GDP?
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Heya!
Here is yr answer.....
GDP : GROSS DOMESTIC PRODUCT
~~~~~
<> Final values of all goods and services produced within a country..
<> Sum of the production in the three sectors = GDP
Per capita income :
~~~~~~~~~~~~~~~~~
<> Average income of people of a country (or) income per person.
<> PCI = Total income / population
HDI : HUMAN DEVELOPMENT INDEX
~~~~
<> It is a quality of life index... progressed and published by UNDP (UNITED NATIONS DEVELOPMENT PROGRAMME) which measures LITERACY RATE to classify a country as developed or undeveloped...!
<> HDI shows the people's standard of living..
<> If standard of living is good. Then, automatically incomes of people is good..
<> Then, percapita income is rised
<> If the standard of living is good, then they can purchase much goods...
<> So, the countrys GDP is grown.
<> Then, country will be developed.
Hope it helps....
#brainly..
Here is yr answer.....
GDP : GROSS DOMESTIC PRODUCT
~~~~~
<> Final values of all goods and services produced within a country..
<> Sum of the production in the three sectors = GDP
Per capita income :
~~~~~~~~~~~~~~~~~
<> Average income of people of a country (or) income per person.
<> PCI = Total income / population
HDI : HUMAN DEVELOPMENT INDEX
~~~~
<> It is a quality of life index... progressed and published by UNDP (UNITED NATIONS DEVELOPMENT PROGRAMME) which measures LITERACY RATE to classify a country as developed or undeveloped...!
<> HDI shows the people's standard of living..
<> If standard of living is good. Then, automatically incomes of people is good..
<> Then, percapita income is rised
<> If the standard of living is good, then they can purchase much goods...
<> So, the countrys GDP is grown.
<> Then, country will be developed.
Hope it helps....
#brainly..
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