Question: In 2 0 2 0 , the United Nations ranked Norway first on the Human Development Indexlong dasha ranking of the quality of life in
In the United Nations ranked Norway first on the Human Development Indexlong dasha ranking of the "quality of life" in many countries. Yet Norway was not ranked first in terms of real per capita GDP Explain how the two rankings can be different. A The Human Development Index uses nominal GDP values but not real GDP B The Human Development Index formula doesn't take into account real per capita GDP factor. C The Human Development Index formula includes not only per capita GDP but also noneconomic factors. D This could be explained by the different ways of calculating national incomedashexpenditure and income approaches.
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