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INDICATORS OF GROWTH AND DEVELOPMENT — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsINDICATORS OF GROWTH AND DEVELOPMENT3 Marks
Question
Explain the determinants of Human Development Index (HDI).
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Answer

The HDI is determined by three basic dimensions:
1. Life Expectancy (Health): Measured by the expected number of years a child will live at birth.
2. Knowledge (Education): Determined by 'Mean Years of Schooling' and 'Expected Years of Schooling'.
3. Standard of Living (Income): Measured by Gross National Income (GNI) per capita based on Purchasing Power Parity (PPP).

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