The United Nations Human Development Index (HDI) is based on real GDP per person, life expectancy at
Question:
a. Explain why the HDI might be better than real GDP as a measure of economic welfare.
b. Which items in the HDI are part of real GDP and which items are not in real GDP?
c. Do you think the HDI should be expanded to include items such as pollution, resource depletion, and political freedom? Explain.
d. What other influences on economic welfare should be included in a comprehensive measure?
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Related Book For
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
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