In what respects is the criterion used by the UNDP for measuring development different from the one used by the World Bank? Explain the components of Human Development Index (HDI).
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Solution
Dear student,
1- The criterion used by the UNDP for measuring development is different from the one used by the World Bank in the sense that it uses a combination of factors such as health, education and income as indicators of development. It does not rely solely on per capita income, as is the case with the World Bank.
2-The HDI considers three indicators of human development, namely, life expectancy, education, and per capita income