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Definition: The Human Development Index (HDI) is a statistical tool used to measure a country's overall achievement in its social and economic dimensions. The social and economic dimensions of a country are based on the health of people, their level of education attainment and their standard of living. Description: Pakistani economist Mahbub ul Haq created HDI in 1990 which was further used to measure the country's development by the United Nations Development Program (UNDP). Calculation of the index combines four major indicators: life expectancy for health, expected years of schooling, mean of years of schooling for education and Gross National Income per capita for standard of living. Every year UNDP ranks countries based on the HDI report released in their annual report. HDI is one of the best tools to keep track of the level of development of a country, as it combines all major social and economic indicators that are responsible for economic development.
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What factors go into determining a country's Human Development Index HDI rating?How is it defined? The HDI is a summary composite measure of a country's average achievements in three basic aspects of human development: health, knowledge and standard of living.
How is the human development index determined apex?Human Development Index value is determined by combining a country's scores in a vast and wide-ranging assortment of indicators including life expectancy, literacy rate, rural populations' access to electricity, GDP per capita, exports and imports, homicide rate, multidimensional poverty index, income inequality, ...
What factors go into determining a country's human development index rating Brainly?Answer. Answer: Essentially, Human Development Index, HDI, makes use of four parameters for measuring and ranking countries according to their social and economic development which includes the Life Expectancy at Birth, Expected Years of Schooling, Mean Years of Schooling and Gross National Income per Capita.
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