Question: What is the difference between the human development index (HDI) and real GDP per capita: Question 10 options: A) HDI is a nominal variable and

What is the difference between the human development index (HDI) and real GDP per capita: Question 10 options: A) HDI is a nominal variable and hence includes inflation while real GDP per capita measures production B) HDI is corrected for purchasing power parity while real GDP per capita is not C) HDI measures life satisfaction and happiness while real GDP per capita measures production D) HDI includes income, education and life expectancy while real GDP per capita includes income only

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!