The three measure of welfare indicators above comprise the ?
Correct answer: B. Physical Quality of Life Index
- A. Purchasing Power Parity
- B. Physical Quality of Life Index
- C. Human Development Index
- D. The Laspeyres index
Explanation
The Physical Quality of Life Index combines infant mortality, life expectancy and literacy as non-income measures of welfare. It is therefore distinct from HDI, which also includes education and income-related living standards.
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