Economics Hdi Questions
The Human Development Index (HDI) plays a crucial role in measuring social inequality by providing a comprehensive assessment of a country's development beyond just economic indicators. It takes into account factors such as life expectancy, education, and income, which are essential components of human well-being. By incorporating these dimensions, the HDI offers a more holistic understanding of social inequality, as it recognizes that economic growth alone does not necessarily lead to improved living standards for all individuals within a society. The HDI allows for comparisons between countries and over time, highlighting disparities in development and providing a basis for policy interventions to address social inequality.