Question

Consider the following statements about the Human Development Index (HDI):
1. It was created by Dr. Mahbub-ul-Haq and Prof. Amartya Sen.
2. The index ranges from 0 to 100.
3. Access to resources is measured by purchasing power in US dollars.
Which is/are correct?}

• A. 1 and 2
• B. 1 and 3
• C. 2 and 3
• D. All of the above

Hint:

HDI values closer to 1 indicate higher human development.

Answer 1

The Correct Option is B

Step 1: Understanding the Concept:
The Human Development Index (HDI) shifts the focus of development from pure economic metrics to human-centric ones, including health, education, and resources.
Step 2: Detailed Explanation:
1. Statement 1: Correct. The HDI was pioneered by Pakistani economist Mahbub-ul-Haq and Indian economist Amartya Sen in 1990.
2. Statement 2: Incorrect. The HDI score ranges from 0 to 1. It is a normalized index where 1 represents the highest development level.
3. Statement 3: Correct. The "Access to Resources" dimension is calculated using Gross National Income (GNI) per capita at Purchasing Power Parity (PPP) in US dollars.
Step 3: Final Answer:
Since only statements 1 and 3 are factually accurate, option (B) is the correct answer.