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

Concept:
Human Development Index (HDI) is a composite index used to measure overall human development of countries. It considers:
• Health
• Education
• Standard of living

Step 1: Examine Statement 1. HDI was developed by:
• Dr. Mahbub-ul-Haq
• Prof. Amartya Sen Thus, Statement 1 is correct.

Step 2: Examine Statement 2. HDI values range between: \[ 0 \text{ and } 1 \] NOT between 0 and 100. Therefore, Statement 2 is incorrect.

Step 3: Examine Statement 3. Access to resources and standard of living are measured through: \[ \text{Purchasing Power Parity (PPP)} \] in US dollars. Thus, Statement 3 is correct.

Step 4: Identify correct statements. Correct statements are: \[ 1 \text{ and } 3 \]

Step 5: Conclusion. Hence, the correct answer is: \[ \boxed{1 \text{ and } 3} \]