Which of these is measuring the quality of life in a society with both monetary and non-monetary data?
A) GDP
B) GNP
C) PPP
D) HDI
E) IMF

Question

Quizplus · Accepted Answer

HDI (Human Development Index) measures the quality of life in a society using both monetary and non-monetary data. It takes into account factors such as education, health, and income to provide a more comprehensive picture of human development. GDP (Gross Domestic Product), GNP (Gross National Product), PPP (Purchasing Power Parity), and IMF (International Monetary Fund) are all indicators of economic performance and do not take into account non-monetary factors.

Which of These Is Measuring the Quality of Life in a Society