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Question

is an alternate measure of well-being currently used that incorporates GDP, but does not rely exclusively on income as a measure of well-being.
  1. Per Capita Real GDP
  2. HDI
  3. National Income
  4. GDP Deflator


Solution

The correct option is B HDI
HDI is a measure of well-being that includes health (measured with life expectancy), wealth (measured with GDP per capita), and education (measured with an education index), that can be used to compare countries' social and economic development, as well as track this development over time.

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