Economics 2281 · O Level · Living standards

Living standards — practice question

For what reason was the Human Development Index (HDI) brought in as a measure of standard of living?

  • AEducation and healthcare are important contributors to the standard of living.
  • BGDP per head only measures development.
  • CInequality can only be measured by HDI.
  • DLiteracy rates are not an effective measure of the standard of living.

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