The United Nations Human Development Index (HDI) is based on GDP per person, life expectancy at birth,
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The United Nations’ Human Development Index (HDI) is based on GDP per person, life expectancy at birth, and indicators of the quality and quantity of education.
a. Explain why the HDI might be better than GDP as a measure of economic welfare.
b. Which items in the HDI are part of GDP and which items are not in GDP?
c. Do you think the HDI should be expanded to include items such as pollution, resource depletion, and political freedom? Explain.
d. What other items should be included in a comprehensive measure of economic welfare?
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a The Human Development Index HDI might be better than GDP as a measure of economic welfare because it takes into account more aspects of a countrys d...View the full answer
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