The Human Development Index (HDI) is a measure used by the United Nations to assess a country's level of development and standard of living. It considers factors such as life expectancy, education, and income. The HDI provides a comprehensive understanding of a nation's well-being.
Step-by-step explanation:
The Human Development Index (HDI) is a measure used by the United Nations Development Programme to assess a country's level of development and standard of living. It takes into account factors such as life expectancy, education, and income. The HDI provides a broader picture of a nation's well-being, considering both financial and non-financial aspects. For example, a country with a high income but low education levels may still face challenges in overall opportunity.
The HDI was developed by Pakistani economist Mahbub ul Haq, who produced the first annual Human Development Report. This report captures and highlights development issues and changes each year. By incorporating various dimensions of human development, such as long and healthy life, education, and standard of living, the HDI provides a comprehensive understanding of a country's development.