The Human Development Index (HDI) is a statistic composite index of life expectancy, education, and per capita income indicators, which are used to rank countries into four tiers of human development.

Human Development Indicators published annually by the United Nations Development Programme (UNDP), provide broad measures of well-being worldwide. There are three data dimensions: life expectancy, education, and purchasing power parity.

The Human Development Index (HDI) is a summary measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and have a decent standard of living. The HDI uses the logarithm of income, to reflect the diminishing importance of income with increasing GNI.

National income is the total value of all goods and services produced in one year. National income is not an indicator of Human Development Index.

The main social indicators of development include education, health, employment and unemployment rates and gender equality, and this post introduces students to the specific indicators which institutions such as the World Bank and United Nations use to measure how ‘developed’ a country is, and the main indices which …

There are three very important economic indicators that aid in measuring a country’s development. They are Gross Domestic Product (GDP), Gross National Product (GNP) and Purchasing Power Parity (PPP).

Terms in this set (51)

• Lifespan Human development.
• The most obvious indicator of development.
• Ages in Human Devleopment.
• Principles of Lifespan Human Development.
• Multidimensional.
• Throughout the lifespan, we change physically, cognitively, and psychosocially.
• Multidirectional.

average income is the most common indicator for measuring economic development .

Here, we shall look at some of the most common indicators of development used in geography.

• Gross Domestic Product (GDP)
• Gross National Product (GNP)
• GNP per capita.
• Birth and death rates.
• The Human Development Index (HDI)
• Infant mortality rate.
• Literacy rate.
• Life expectancy.

Answer. Economic development of a country can be measured by its per capita income, literacy rate, health status, infant mortality rate and life expectancy of persons living in that country.

Economic growth is defined as the increase in the market value of the goods and services produced by an economy over time. It is measured as the percentage rate of increase in the real gross domestic product (GDP). To determine economic growth, the GDP is compared to the population, also know as the per capita income.

GNP is the total market value of all final goods and services produced by a country in one year. It is a measure of economic activity, or how much is produced in a country. The more that a country produces per person , the more “developed” it is assumed to be.

HDI or Human Development Index is important as it gives more info about the status of a country than the Per Capita Income method adopted by World Bank. HDI tells about the health, wealth, education and life expectancy of a country.

The HDI gives an overall index of economic development. It gives a rough ability to make comparisons on issue of of economic welfare – much more than just using GDP statistics. Human Development Index is important because it helps us to know how a country is doing. It is a better measure of a country’s progress.