The Human Development Index was proposed because
A)people confuse nominal GDP and real GDP.
B)nominal GDP and real GDP are subjective measures.
C)of the limitations of real GDP as a measure comparing the standard of living in different nations.
D)the GDP deflator changes if the base year is changed.
E)different nations have different populations.

Question

Quizplus · Accepted Answer

The Human Development Index was proposed due to the limitations of real GDP as a measure comparing the standard of living in different nations. Real GDP does not take into account various factors such as education, healthcare, and life expectancy, which are important indicators of human development. The HDI was created to provide a more comprehensive measure of human development by combining these factors with GDP.

The Human Development Index Was Proposed Because