Question
The problem with the HDI is the calculation of the various measures. The main problem is not the validity of the factors but the method
The problem with the HDI is the calculation of the various measures. The main problem is not the validity of the factors but the method of measurement that will yield reliable information. GDP offers the most convenient and reliable calculation compared to the HDI elements.
Well-being can be measured directly in a variety of ways. Students often suggest these:
Health care
Security
Freedom of choice
Food
Education
These are certainly better measures than money income, but they can be difficult to collect and interpret.
While per capita GDP does not directly measure well-being like the HDI elements do, in what ways dothese direct measures list above still correlate with (or relate to) per capita GDP?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started