The Human Development Index (HDI) Shows the Same Ranking of Countries

question 189

True/False

The Human Development Index (HDI) shows the same ranking of countries as does real GDP per person.

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Definitions:

Marginal Product

The increase in output that arises from an additional unit of input.

Domestic Investment

Investment in resources within a country, including physical assets like machinery and buildings, contributing to economic growth and development.

National Income Accounting

A system used by a country to measure the overall economic activity, including the total income earned by the nation and how it's used.

Net Capital Outflow

The difference between the purchase of foreign assets by domestic residents and the purchase of domestic assets by foreign residents over a specific period.