The Human Development Index (HDI)demonstrates That High National Income Alone

question 134

True/False

The human development index (HDI)demonstrates that high national income alone does not guarantee human progress.

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Definitions:

Pay Off

To completely repay the outstanding balance of a loan or debt.

Simple Interest

An interest calculation method where the interest charge is based on the original principal amount of a loan or deposit and does not accumulate or compound.

Annum

A term referring to a year, often used in financial contexts to describe periods of time related to investments or contracts.

Variable Interest Rate

An interest rate that can fluctuate over time based on underlying benchmarks or indexes.