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Explain the Human Development Index

Introduced by the UN in 1990, the index take into account not only the goods and services formed but also the ability of a population to use these and the time they have to enjoy them. It is a composite index based on real GDP per capita (PPP), life expectancy at birth and educational achievement that calculates socio-economic development.  

 

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9574961

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