Explain what the human development index is and what is it designed to measure?

Question

Explain what the human development index is and what is it designed to measure?

Answer 1

The Human Development Index (HDI) is the normalized measure of life expectancy, literacy, education, standard of living, and GDP per capita for countries worldwide. It is a standard means of measuring well-being, especially child welfare. It is used to determine and indicate whether a country is a developed, developing, or underdeveloped country. It is also used to measure the impact of economic policies on quality of life.