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Which of the following is the parameter to measure HDI?
1. Life expectancy at birth
2. Education
3. GNI per capita
Choose the correct code.
- a)1 and 2
- b)2 and 3
- c)1 and 3
- d)All of the above
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which of the following is the parameter to measure HDI?1. Life expect...
The correct answer is All of the above.
Key-Points
- Realizing that modern economics lacked measurement standards for human development in the overall growth process, two noted Asian economists Dr Mahbub Ul Haq (Pakistan) and Dr. Amartya Sen (India) formulated the Human Development Index popularly known as the HDI in the nineties.
- The first comparison of economies based on HDI was during 1990.
- This index is simple, completely objective, and measurable to track down the governmental efforts for ‘basic’ human development efforts and useful for ranking countries of the world. The index today has global acceptability and forms the basis for ranking of countries by UNDP in their Human Development Report.
Only three parameters are used in the index.
- Life expectancy at birth
- Education
- GNI per capita. Hence, statements 1, 2 and 3 are correct.
- The value or the index would range from 0 to 1 and is taken up to a 3-digit decimal. The closer the value to 1 it is said good efforts at human development and value lower than 0.500 is said to be not satisfactory. The methodology and criteria have been slightly modified from 2010 by making it more scientific by converting each of the three parameters into an index.
- Secondly, adult literacy and gross enrolment index have been refined into an education index comprising (a) Mean years of schooling index (number of years that a 25-year-old has spent in school) and (b) Expected year of schooling (EYS) which is years that a 5-year old child will spend in education over a lifespan.
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Which of the following is the parameter to measure HDI?1. Life expectancy at birth2. Education3. GNI per capitaChoose the correct code.a)1 and 2b)2 and 3c)1 and 3d)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
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