Economics · Oct / Nov 2019 · Paper 12 · Question 21
2281Living standards
Why was the Human Development Index (HDI) introduced as a measure of the standard of living?
- AEducation and healthcare are important contributors to the standard of living.
- BGDP per head only measures development.
- CInequality can only be measured by HDI.
- DLiteracy rates are not an effective measure of the standard of living.
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Correct answer: A. Education and healthcare are important contributors to the standard of living.
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