The Human Development Index was proposed because
A) of the limitations of real GDP as a measure comparing the standard of living in different nations.
B) people confuse nominal GDP and real GDP.
C) nominal GDP and real GDP are subjective measures.
D) the GDP deflator changes if the base year is changed.
E) different nations have different populations.

Question

Quizplus · Accepted Answer

The Human Development Index (HDI) was proposed to address the limitations of using real GDP as the sole measure for comparing the standard of living across different nations. It includes more dimensions, such as life expectancy, education, and per capita income levels, to provide a broader view of human development.

The Human Development Index Was Proposed Because