PLIR Study guide

PLIR Study guide - PLIR Study guide Chapter 2(Questions 4-6...

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PLIR Study guide: Chapter 2 (Questions 4-6) 4. What Is the human development index, and what are its strengths and weaknesses? It is an index that measures social as well as economic development. The HDI includes three dimensions: a long life measured by life expectancy at birth, knowledge measured by adult literacy and standards of living for countries worldwide. Strengths: o The composition of the Index points out that a dissatisfaction with income as a measure of well-being. This takes into consideration that happiness (ie. Well- being) may or may not be correlated with income levels. o The Human Development Index is an attempt to develop a better measure of well- being. It is a composite of three indexes: GDP per capita (computed on a purchasing power parity basis, to correct for distortions introduced by using currency exchange rates); life expectancy at birth; and a combination of the adult literacy rate and the combined primary, secondary, and college/university enrollment rate, with the adult literacy rate being weighted twice as heavily as the enrollment rate. HDI measures human wellbeing on the basis of most relevant
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PLIR Study guide - PLIR Study guide Chapter 2(Questions 4-6...

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