Which of the following 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?

The Human Development Index (HDI)

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Real GDP per capita

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National Income per capita

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All of the above

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Solution

The correct option is A
The Human Development Index (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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Similar questions

Q. 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.

Q. Choose the correct option.

Assertion (A): Per capita GDP is replaced by per capita GNI to measure the dimension of income while calculating HDI.

Reason (R): GNI gives a holistic picture of the value earned by a country’s people rather than the GDP.

Per capita income cannot be a true measure of development. Why?

87. The Human Development Index (HDI) is a summary measure of average achievement in key dimensions of human development. It ranks countries based on their performance in the key areas of

i) Life expectancy

ii) Education

iii) Per capita income

Q. Per capita national income is measured as ________.

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