what are the Three limitations of HDI.
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- Wide divergence within countries
- HDI reflects long-term changes (e.g. life expectancy) and may not respond to recent short-term changes.
- Higher national wealth does not indicate welfare. ...
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>>HDI reflects long-term changes (e.g. life expectancy) and may not respond to recent short-term changes.
>>Higher national wealth does not indicate welfare. GNI may not necessarily increase economic welfare; it depends on how it is spent.
>>HDI reflects overall national development but doesn't tell us about each individual's economic status.
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