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Human Development Index (HDI) and Living Standards Comparison


Explain how the HDI compares living standards between countries.


Economic Growth and Development

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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

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