Fantastic Economics Hdi Test - 80+ MCQs: Economics - Human Development Index (HDI) Quiz: Test Your Knowledge on Global Development Metrics

1. Why is the Inequality-adjusted HDI (IHDI) crucial for advanced development analysis?

To measure technological advancements

To assess political stability

To account for disparities in advanced HDI dimensions

To evaluate environmental sustainability

2. How does the Inequality-adjusted Human Development Index (IHDI) differ from the standard HDI?

It focuses only on economic aspects of development

It accounts for inequality in distribution of each dimension of HDI

It measures political stability and government effectiveness

It evaluates environmental sustainability in development

3. What is the significance of considering both mean and expected years of schooling in HDI?

To prioritize quantity over quality of education

To emphasize university education

To assess the potential additional years of education

To focus solely on primary education

4. In HDI, how is life expectancy assessed?

By focusing solely on average life expectancy

By evaluating the health infrastructure

By incorporating both mean and expected years of life

By emphasizing access to healthcare services

5. How does advanced HDI contribute to a more comprehensive understanding of development?

By focusing solely on economic factors

By incorporating social and environmental dimensions

By relying on subjective well-being surveys

By emphasizing industrialization as a key indicator

6. How does the advanced HDI assessment contribute to discussions on sustainable development?

By focusing solely on economic factors

By emphasizing political stability

By accounting for environmental sustainability

By relying on subjective well-being surveys

7. What unconventional metrics are considered in the Unexplored Human Development Index (UXHDI) to assess social and environmental aspects?

Exclusively economic indicators

Traditional environmental measures

Innovative social progress indices

Social and environmental dimensions beyond typical measures

8. What is the significance of the Human Development Index (HDI) in the context of global comparisons?

It focuses solely on economic growth

It emphasizes political stability

It ensures a standardized measure across all countries

It accounts for diverse cultural and social contexts

9. What are the key components of the Inequality-adjusted HDI (IHDI)?

Life expectancy, GNI per capita, and inequality index

Health, education, and environmental sustainability

Income distribution, access to healthcare, and education quality

Mean and expected years of schooling, life expectancy, and income distribution

10. How does the HDI contribute to discussions on sustainable development?

By focusing solely on economic factors

By emphasizing political stability

By accounting for environmental sustainability

By relying on subjective well-being surveys

Economics - Human Development Index (HDI) MCQ Test 5