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What is the relationship between Gross Domestic Product (GDP) and the Human Development Index (HDI)?

User Nebulae
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Answer:

HDI and GDP have a negative relationship in the long term while poverty rate and GDP has a positive relationship with the GDP.

Meanwhile in the short term, HDI and GDP have no relationship but poverty rate and GDP has a relationship with GDP but it is a negative relationship.

Step-by-step explanation:

Gross domestic product (GDP) per capita is a measure of a country’s economic output that accounts for population. It tells you how prosperous a country feels to each of its citizens.

However, it is not a complete measure of economic welfare. The Human development index (HDI) was created with a goal to emphasize that not only economic growth but also people and their abilities could be the key criteria to evaluate the country’s development.

User Breno Ferreira
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