Question

Compare GDP and human development index. ( I want the answer computer typing NOT handwriting)

Compare GDP and human development index. ( I want the answer computer typing NOT handwriting)

Homework Answers

Answer #1
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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