economicsWhich are the essential components of the Human Development Index ?

Which are the essential components of the Human Development Index ?


  1. A
    Health
  2. B
    Literacy rate
  3. C
    Per capita income
  4. D
    All of the above 

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    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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