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3 years ago

How do human development index (hdi) and gross domestic product (gdp) compare in what they measure?

Social Studies

2 answers:

insens350 [35]3 years ago

7 0

Answer:

Both the Human Development Index (HDI) and the Gross Domestic Product (GDP) are measurements that detail the economic and social development of a country, but have significant differences in its approach and the object of their measurements.

The Human Development Index (HDI) is an index used to compare wealth in different countries, in the same way as Gross Domestic Product (GDP). While GDP focuses on material wealth, HDI is claimed to provide a more complete picture, as it is a balance of life expectancy, education level and GDP.

Gross domestic product (GDP) is a measure of the total economic activity of a country over a period of time, usually a year. It can be expressed as the value of total consumption of goods and services, gross investments and exports minus imports.

Anna71 [15]3 years ago

6 0

HDI measures human development, while GDP measures economic development.hope this helps!

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