HPI stands for ____

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Detailed Solution

HPI stands for Human Poverty Index.
HPI is a composite index that indicates a country's poverty level. It was developed by the United Nations (UN) to complement the human development index or the HDI, as it is commonly known. It provides a different method of measuring poverty. Instead of going by the conventional way of headcount measuring, which focuses on low incomes, the HPI focuses on deprivations in human lives caused due to poverty. It concentrates on deprivations in 3 essential aspects of human life. These aspects are- longevity, the standard of living, and knowledge.

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