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Economics · Oct / Nov 2017 · Paper 12 · Question 20

2281Living standards

Why is the Human Development Index (HDI) often considered to be better than Gross Domestic Product (GDP) per head as a measure of living standards?

  1. AGDP per head excludes economic growth.
  2. BGDP per head ignores population growth.
  3. CHDI includes more than the production of goods and services.
  4. DHDI is calculated by the national government.

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Correct answer: C. HDI includes more than the production of goods and services.

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