State whether the following statement is True or False
Human development Index has no faults.
Human development index is designed to assess a country’s level of development. However, there are three major flaws viewed in the Human Development Index. Firstly, HDI assigns weights to some factors which are equal trade-offs. However, these measurements might not always be equally valuable.
Moreover, it tends to correlate factors which are more common in developed economies. Also, it fails to take into account factors like inequality, poverty and gender disparity.
Thus, the correct answer is B.