how the human development index better for measuring development?
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how the human development index better for measuring development?
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Answer:
The standard of living dimension is measured by gross national income per capita. The HDI uses the logarithm of income, to reflect the diminishing importance of income with increasing GNI. The scores for the three HDI dimension indices are then aggregated into a composite index using geometric mean.
Answer:
The Human Development Index (HDI) is the better criteria to measure the development of a country. Because all the other criteria explain only about per capita income, but HDl explains about education, per capita income, life expectancy etc. So HDl is better for measuring development.