Which of the following measures economic development less by material output measures and more by capabilities and opportunities that people enjoy?Question 6Select one:a.PPPb.GNIc.GDPd.HDI
Question
Which of the following measures economic development less by material output measures and more by capabilities and opportunities that people enjoy?Question 6Select one:a.PPPb.GNIc.GDPd.HDI
Solution
The Human Development Index (HDI) is the measure that focuses less on material output measures and more on the capabilities and opportunities that people enjoy. The HDI is a composite index that measures a country's average achievements in three basic aspects of human development: health, knowledge, and a decent standard of living. Therefore, the answer is d. HDI.
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