Question: The United Nations has created a Human Development Index (HDI) that is based on GDP per person, life expectancy at birth, and indicators of the

The United Nations has created a Human Development Index (HDI) that is based on GDP per person, life expectancy at birth, and indicators of the quality and quantity of education. (Adapted from Parkin, 2010. p. 493)

1. Explain why the HDI might be better than real GDP as a measure of economic welfare.

2. Which items in the HDI are part of real GDP and which items are not in real GDP?

3. Are there any other factors that influence economic welfare in South Africa that you think should be included in a comprehensive measure?

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