Which indicator/s is/are used in the Human Development Index(HDI)?
Correct answer: D. All
- A. Standard of Living
- B. Life Expectancy
- C. Education
- D. All
Explanation
The HDI combines three dimensions: a long and healthy life measured by life expectancy, knowledge measured through education, and a decent standard of living measured by income. Hence all three listed indicators are included.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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