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Explain how it is possible that a country has, relative to other countries, a lower GDP...

Explain how it is possible that a country has, relative to other countries, a lower GDP per capita but a higher HDI and provide one example.
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Ans) GDP is the market value of all finished goods and services produced in an economy. GDP fails to account for various things, like, non market transactions, environmental pollution, work-leisure etc.

HDI is measure the development in key human dimensions, like life expectancy, years of schooling, gross national per capita income to gauge standards of living.

GDP is a quantitative analysis while HDI is a qualitative analysis. So, a country might have a higher GDP but it does not ensure that it also has higher HDI. For eg- Norway has much less GDP than USA but Norway ranks 1st in HDI, while USA ranks 15th out of 189 countries.

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