Assertion (A): The Human Development Index can increase even if income drops.
Reason (R): Improvements in life expectancy and education can offset income decline.
Assertion (A) proposes that the Human Development Index (HDI) value can improve even if a nation's per capita income experiences a reduction.
This statement is accurate as the HDI is calculated using multiple dimensions, not just economic output.
Reason (R) explains that positive changes in life expectancy and educational attainment levels can compensate for a decrease in national income.
The HDI is built upon three fundamental dimensions:
Reason (R) provides a valid justification for Assertion (A). Significant advancements in public health systems leading to increased life expectancy or improvements in educational infrastructure and access, thereby boosting schooling years, can elevate the overall HDI score.
These improvements in non-income dimensions can offset a decline in GNI per capita. Thus, human development, as measured by the HDI, reflects broader progress in well-being beyond purely economic metrics. Both statements are true, and R correctly explains A.
The number of deaths during the first 28 completed days of life per 1000 live births in a given year or period is defined as ______.
Which of the following is a characteristic of human wants in terms of economics?
The problem of choice between relatively scarce commodities due to limited productive resources with the society can be illustrated with the help of a _______.
Which branch of economics deals with the depletion of natural resources stock and pollution, which are a result of rapid economic development?
An economy in which both, the private sector and the government are involved is known as a/an ______ economy.