top of page
Human Development Index (HDI) and Living Standards Comparison
Question
Explain how the HDI compares living standards between countries.
Category:
Economic Growth & Development
Frequently asked question
Preview Answer
I. 🍃Introduction
- Definition of HDI
- Importance of HDI
II. Measures of HDI
- GDP/GNI per head
- Life expectancy
- Mean and expected years of schooling/literacy rate
III. Calculation of HDI
- Index figure for each country
- Dividing countries into very high, high, medium and low
IV. Significance of HDI
- Higher HDI means higher standard of living
- Comparison of HDI across countries
V. Criticisms of HDI
- Limitations of the measures used
- Alternative measures of development
VI. 👉Conclusion
- Summary of key points
- Importance of considering multiple measures of development
Ops... End of preview!
Already purchased Economics Study Pack subscription? Amazing! Click below
What's included
✔️Full essay
✔️Tips
✔️Diagrams
✔️Marking Schemes
✔️Examiner's report
bottom of page