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What does human development index indicate? By whom HDI is prepared?
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What does human development index indicate? By whom HDI is prepared?
Human Development Index (HDI) is a statistical tool used to measure the progress of human development in a country. It indicates the standard of living, education, and health of people in a country. The HDI is prepared by the United Nations Development Programme (UNDP). It was first introduced in 1990 as an alternative to the Gross Domestic Product (GDP) which only measures economic growth.
Components of HDI
The HDI is calculated based on three components:
1. Life expectancy at birth: This component measures the average number of years a newborn can expect to live in a country.
2. Education: This component is measured by the mean years of schooling and the expected years of schooling. Mean years of schooling indicate the average number of years of education completed by an adult. Expected years of schooling measure the years of education that a child can expect to receive.
3. Gross national income (GNI) per capita: This component measures the economic progress of a country. It indicates the average income of people in a country.
Calculation of HDI
The HDI is calculated by taking the geometric mean of the normalized indices for each of the three components. The normalization process is done to ensure that each component contributes equally to the HDI. The HDI ranges from 0 to 1, with 1 indicating the highest level of human development.
Significance of HDI
The HDI is a useful tool for policymakers to identify areas that need improvement in a country. It helps in measuring the progress of a country over time and comparing it with other countries. The HDI also helps in identifying the factors that contribute to human development and in setting priorities for future development.
Conclusion
The Human Development Index is an important tool for measuring the progress of human development in a country. It takes into account not only economic factors but also education and health. The HDI helps policymakers to identify areas that need improvement and to set priorities for future development. The UNDP prepares the HDI, and it is widely used by governments, international organizations, and researchers.
Components of HDI
The HDI is calculated based on three components:
1. Life expectancy at birth: This component measures the average number of years a newborn can expect to live in a country.
2. Education: This component is measured by the mean years of schooling and the expected years of schooling. Mean years of schooling indicate the average number of years of education completed by an adult. Expected years of schooling measure the years of education that a child can expect to receive.
3. Gross national income (GNI) per capita: This component measures the economic progress of a country. It indicates the average income of people in a country.
Calculation of HDI
The HDI is calculated by taking the geometric mean of the normalized indices for each of the three components. The normalization process is done to ensure that each component contributes equally to the HDI. The HDI ranges from 0 to 1, with 1 indicating the highest level of human development.
Significance of HDI
The HDI is a useful tool for policymakers to identify areas that need improvement in a country. It helps in measuring the progress of a country over time and comparing it with other countries. The HDI also helps in identifying the factors that contribute to human development and in setting priorities for future development.
Conclusion
The Human Development Index is an important tool for measuring the progress of human development in a country. It takes into account not only economic factors but also education and health. The HDI helps policymakers to identify areas that need improvement and to set priorities for future development. The UNDP prepares the HDI, and it is widely used by governments, international organizations, and researchers.
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What does human development index indicate? By whom HDI is prepared?
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What does human development index indicate? By whom HDI is prepared?
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What does human development index indicate? By whom HDI is prepared? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about What does human development index indicate? By whom HDI is prepared? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does human development index indicate? By whom HDI is prepared?.
What does human development index indicate? By whom HDI is prepared? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about What does human development index indicate? By whom HDI is prepared? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does human development index indicate? By whom HDI is prepared?.
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