Based on the information provided in the table, the correct observation is:
- Bhutan qualifies as an LDC in all major categories.
This is because Bhutan's GNI is above the LDC threshold, the HAI is above the threshold, and the EVI is below the threshold, indicating that it does not qualify as an LDC in every major category.
The first statement is incorrect because while Bhutan's GNI exceeds the threshold, it suggests Bhutan is not an LDC based solely on this indicator. The second statement about human rights is not something that can be inferred from the provided data. The third statement about the government's emphasis on happiness is a subjective interpretation that is not directly supported by the indicators in the table.