Why Is the Human Development Index Thought to Be a Better

question 54

Multiple Choice

Why is the Human Development Index thought to be a better measure of economic well-being than real GDP per person?

• A)It includes a measure of resource depletion.
• B)It ignores health, which is hard to measure.
• C)It includes leisure time and household production.
• D)It includes health and education measures, as well as real GDP per person.
• E)It includes only health and education measures, ignoring real GDP per person.

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Definitions:

Direct

In financial and business contexts, this term refers to a method or approach that involves straight interaction without intermediary channels, often used in marketing to describe direct communication or sales to customers.

NCI Allocation

Refers to the distribution of Net Current Assets among various parties or accounts, primarily focusing on how non-controlling interest (NCI) is allocated in consolidated financial statements.

Equity Account

An account that represents the owner's interest in a company's assets, typically reflecting the amount of funds that remain for the owners after all liabilities have been subtracted.

Non-controlling Interest

A minority shareholding of less than 50% in a subsidiary's equity, not giving the shareholder the controlling interest in the subsidiary's financial and operational policies.