Human Development Index (HDI) Quiz

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<p>By higher lifespan, education level, and per capita income (C)</p> Signup and view all the answers

<p>IHDI accounts for inequality, while HDI represents 'potential' human development (B)</p> Signup and view all the answers

A composite index measuring life expectancy, education, and per capita income.

Mahbub ul-Haq is the economist who developed the Human Development Index.

It accounts for inequalities in life expectancy, education, and income distribution within a country.

Higher lifespan, education levels, and per capita income positively influence a country's HDI.

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IHDI adjusts HDI for inequality, reflecting actual human development, while HDI represents potential development.

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Measures a country's well-being by combining three dimensions: life expectancy, education, and gross national income (GNI) per capita
Developed by Pakistani economist Mahbub ul Haq and Indian economist Amartya Sen in 1990

Accounts for inequality in distribution of HDI dimensions, providing a more accurate picture of a country's well-being
Differs from simple HDI as it penalizes countries with higher inequality, reflecting unequal distribution of health, education, and income

A country's level of HDI can be affected by factors such as:
- Economic growth and income distribution
- Investment in education and healthcare
- Access to resources and opportunities

Note: These notes are written in markdown format with bullet points, and focus on key facts and concepts.