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Consider the following statements with reference to the Human Development Index:
1. It is released by the World Economic Forum.
2. It measures country's average achievements in three basic aspects namely health, knowledge and standard of living.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements with reference to the Human Developm...
India has moved up a rank on the global Human Development Index (HDI), according to the United Nations Development Programme (UNDP) report ‘Breaking the gridlock: Reimagining cooperation in a polarised world’ released on March 13.
- It is a summary composite measure of a country's average achievements in three basic aspects of human development: health, knowledge and standard of living.
- It is a measure of a country's average achievements in three dimensions of human development:
- a long and healthy life, as measured by life expectancy at birth;
- knowledge, as measured by mean years of schooling and expected years of schooling; and
- a decent standard of living, as measured by GNI per capita in PPP terms in US$.
- The HDI sets a minimum and a maximum for each dimension, called "goalposts", then shows where each country stands in relation to these goalposts.
- This is expressed as a value between 0 and 1. The higher a country's human development, the higher its HDI value.
- The HDI is the geometric mean of normalized indices for each of the three dimensions.
- The HDI also embodies Amartya Sen’s “capabilities” approach to understand human well-being, which emphasizes the importance of ends (like a decent standard of living) over means (like income per capita).
- Since 1990, the United Nations Development Programme (UNDP) has been publishing the Human Development Report every year and HDI is part of this report.
Hence only statement 2 is correct.
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Consider the following statements with reference to the Human Development Index:1. It is released by the World Economic Forum.2. It measures countrys average achievements in three basic aspects namely health, knowledge and standard of living.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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