Compare GDP and human development index. ( I want the answer computer typing NOT handwriting)
GDP | HDI |
1. It refers to the money value of all final goods and services produced within domestic territory of a country. |
1. It is a statistical tool used to measure a country's overall achievements in its social and economic dimensions. |
2. It's an indicator of economic health of a country as well as standard of living. | 2. It's an indicator of social and economic development of a country. |
3. GDP is narrow in concept. | 3. HDI is broader in concept. |
4. GDP= Value of output produced- intermediate consumption. | 4. |
5. GDP doesn't take into account a nation's medical condition or education standards. | 5. HDI takes into account nation's medical condition or educational standards. |
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