Which of the following indicators is NOT a component of the Human Development Index (HDI)?
Poverty line ratio
The Human Development Index (HDI), published by the UNDP, is a composite measure built from three dimensions:
1. A long and healthy life, measured by life expectancy at birth.
2. Knowledge, measured by the education index (mean years of schooling and expected years of schooling).
3. A decent standard of living, measured by Gross National Income (GNI) per capita in purchasing-power terms.
So education index, life expectancy and GNI per capita are all HDI components. The poverty line ratio (headcount of people below the poverty line) is a poverty measure used in indices like the Multidimensional Poverty Index, but it is not part of the HDI.
Hence, the indicator that is NOT a component of the HDI is the poverty line ratio.
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.