Economy, asked by ArhamAUK, 1 year ago

What are the advantages of Human Developer Index over Per Capita Income or GDP?

Answers

Answered by sairambandari
8
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..



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