Responses
the total amount of goods and services in a market during one year’s period of time
the total amount of goods and services in a market during one year’s period of time
a term used when a value is divided by the number of people in an area
a term used when a value is divided by the number of people in an area
a measure of economic development determined by considering multiple factors, including income, life expectancy, and education, to rate countries on a scale between 0 and 1
a measure of economic development determined by considering multiple factors, including income, life expectancy, and education, to rate countries on a scale between 0 and 1
a comparison of the value of currency and prices between different places using a common “market basket” of goods and services
1 answer
The correct response is:
a measure of economic development determined by considering multiple factors, including income, life expectancy, and education, to rate countries on a scale between 0 and 1.
The Human Development Index (HDI) is a composite index that aims to provide a broader understanding of development beyond just economic factors by incorporating dimensions of health, education, and standard of living.
