The Human Development Index (HDI) Compiled by the United Nations

question 6

Multiple Choice

The Human Development Index (HDI) compiled by the United Nations

• A) is used by anthropologists to track the evolution of human beings
• B) measures standards of living by taking into account output, education, and life expectancy
• C) facilitates interpersonal comparisons of utility by asking citizens how satisfied they are
• D) is an employment/unemployment index, or ratio, used to evaluate the progress of non-market economies in becoming market-oriented
• E) is the name international agencies give to real gross domestic product

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Definitions:

Note Disclosure

Supplementary information provided in financial statements, offering insight into accounting policies, risks, and uncertainties.

Contingent Asset

An asset that might come into existence subject to the occurrence of some uncertain future event.

AASB 137

The Australian Accounting Standards Board standard that specifies the accounting for provisions, contingent liabilities, and contingent assets.

Deferred Liability

A deferred liability is a financial obligation that a company owes and is recorded on its balance sheet to be settled in a future period.