O-LevelEconomicsEconomic development2281/12 · Oct/Nov 2017 · Q201 Mark

Why is the Human Development Index (HDI) often considered to be better than Gross Domestic Product (GDP) per head as a measure of living standards?

AGDP per head excludes economic growth.

BGDP per head ignores population growth.

CHDI includes more than the production of goods and services.

DHDI is calculated by the national government.

✓ Correct answer

C: HDI includes more than the production of goods and services.

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Topic: Economic development, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2017 Paper 1 Variant 2, question 20.

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