Asked by jay
How do Human Development Index (HDI) and gross domestic product (GDP) compare in what they measure?
HDI and GDP both measure economic development only.
HDI measures human development, while GDP measures economic development.
HDI and GDP both measure social development only.
HDI measures social development, while GDP measures economic developmen
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Answer: HDI measures human development, while GDP measures economic development.
Briefly: GDP (or GNI/GDP per capita) is an economic output/income measure. HDI is a composite index of human development that combines health (life expectancy), education (years of schooling) and standard of living (GNI per capita), so it captures broader social outcomes as well as an economic component.
Briefly: GDP (or GNI/GDP per capita) is an economic output/income measure. HDI is a composite index of human development that combines health (life expectancy), education (years of schooling) and standard of living (GNI per capita), so it captures broader social outcomes as well as an economic component.
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