Final answer:
Human Development indicates a country's socio-economic development by assessing factors such as health, education, and income, inconsistent with reason (R) which erroneously suggests it's based solely on national income comparison.
Step-by-step explanation:
The assertion (A) that Human Development encompasses the socio-economic development status of a country is correct. Human development is indeed a comprehensive measure including not just economic factors, but also education, health, and standard of living. However, reason (R) is incorrect because the Human Development Index (HDI) is much more than a mere comparison of national incomes. While GDP per capita is a component of the HDI, the index also includes indicators like life expectancy and education levels to provide a more nuanced understanding of development.
To clarify, while national income provides an economic perspective, the HDI aims to capture broader human development aspects. Therefore, the correct option is Both A and R are true, but R is not the correct explanation of A, which corresponds to option B.