Economics (ECON)
University Of Pennsylvania - Wharton School Of Business
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nternational Economics (QUESTIONS AND ELABORATIONS)
- Exam (elaborations) • 9 pages • 2022
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Remedial Questions and Answers on Pushing Exports
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4.3Emerging and Developing Economies Summary Notes
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4.3Emerging and Developing Economies 
Summary Notes 
 
4.3.1Measures of development 
 
 
The three dimensions of the Human Development Index (HDI) 
 
The components of HDI are education, life expectancy and standard of living, measured by real GNI at purchasing power parity (PPP) per capita. 
 
It measures economic and social welfare of countries over time. 
 
The education component combines the statistics of the mean number of years of schooling and the expected years of schooling.
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