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Which are the essential components of the Human Development Index ?

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a

Health

b

Literacy rate

c

Per capita income

d

All of the above

answer is D.

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Detailed Solution

Health, literacy rate, and per capita income are essential elements of the Human Development Index (HDI).
The Human Development Index is a useful tool to determine how well a nation is doing in terms of socioeconomic factors like basic health, education, and financial security. This index is further used to rank countries based on their development. A higher HDI can be achieved by a higher literacy rate, better lifespan, and more per capita income. An inequality-adjusted HDI was released in 2010 by the Human Development Report.

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