what is human development index how it is measured explain with example
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Economic Growth. In macroeconomics, long-run growth is the increase in the market value of goods and services produced by aneconomy over a period of time. Thelong-run growth is determined by percentage of change in the real gross domestic product (GDP).
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The Human Development Index HDI is defined as the composite statistics used to rank countries by levels of human development. The HDI is a measure of health, education and income. It measures the average achievements in a country in these three basic dimensions of human development, calculated into an index.
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