Question

What are the factors which are more important for measuring development other than income?

Answer 1

life expectancy, education, health status, etc

Explanation:

• The Human Development Index ( HDI) is a composite statistical index of lifespan, education & percapita indicators used to classify nations into 4 tiers of human develop.
• Apart from income health status, life expectancy, education, are considered for measuring the nation's development
• Education metrics are the planned school years and the medium school years. The UN says that the average max school year is 18 years, whereas the average minimum school years is 15 years.
• The healthy & long  dimensions of life are measured by birth life expectancy. A statistical indicator of the life expectancy at birth is that an average person will live based on such demographic factors like year of birth and current age.
• The living standard is generally measured by per capita gross national income ( GNI). The GNI shows the total domestic and foreign production of that has been created by the people who live in a particular country.