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The table shows the ranking of the first 53 countries according to the last calculation of the Human Development Indicator (HDI) (2004).

A. Explain briefly what does the HDI measure.

B. Express briefly what you think the way in which the HDI is constructed. (Briefly means no more than five lines of text. Excesses are severely penalised.)

C. Mexico has a much higher income per capita than Cuba, even after considering differences in the prices of the goods and services in Mexico and Cuba. However, Cuba ranks better according to HDI than Mexico. Explain why this might be.

high muna development

Norway

0.965

iceland

0.96

australia

0.957

ireland

0.956

swedon

0.951

canada

0.95

japan

0.949

united states

0.948

Switzerland

0.947

netherlands

0.947

finland

0.947

luxembourg

0.945

belgium

0.945

austria

0.944

denmark

0.943

france

0.942

italy

0.94

united kindom

0.94

spain

0.938

new zeland

0.936

germany

0.932

hongkong, china

0.927

israel

0.927

greece

0.921

singapore

0.916

korea

0.912

slowenia

0.91

portugal

0.904

cyprus

0.903

czech republic

0.885

bardodoes

0.879

malta

0.875

kuwait

0.871

brunei darussalar

0.871

hungary

0.869

argentina

0.863

poland

0.862

chile

0.859

bahrain

0.859

estonia

0.858

lithuania

0.857

slovakia

0.856

uruguay

0.851

croatia

0.846

latvia

0.845

qatar

0.844

seychelles

0.842

costa rice

0.841

united arab emirates

0.839

cuba

0.826

saint kitts and nevis

0.825

bahamas

0.825

mexico

0.821

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M9164666

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