sustainable manner. Human development therefore focuses on people and the satisfaction of their basic needs. Human Development Index The United Nations Development Program (UNDP) is regularly publishing their global Human Development Reports (HDRs) since 1990 to measure the country’s in human development through Human Development Index (HDI). The HDI is a summary composite index that measures a country’s average achievements in terms of three basic aspects of human development: longevity‚ knowledge
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What is HDI? HDI (Human Development index) is a way of measuring development by combining indicators of life expectancy‚ educational attainment and income. The breakthrough for the HDI was the creation of a single statistic which was to serve as a frame of reference for both social and economic development. The HDI sets a minimum and a maximum for each dimension‚ called goalposts‚ and then shows where each country stands in relation to these goalposts‚ expressed as a value between 0 and 1. It is
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Winfield | | | Body mass index or (BMI) is a key index that relates a person’s body weight to their height. The body mass index is a person’s weight in kilograms divided by their height in meters squared. The National Institute of Health uses the body mass index to define normal weight‚ overweight and obesity. Overweight is considered is a person having a body mass index of 27.3% or more for women and 27.8 % or more for men. Obesity using the BMI index is defined as a BMI of 30 and above
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Human Development Index (HDI) The first Human Development Report introduced a new way of measuring development by combining indicators of life expectancy‚ educational attainment and income into a composite human development index‚ the HDI. The breakthrough for the HDI was the creation of a single statistic which was to serve as a frame of reference for both social and economic development. The HDI sets a minimum and a maximum for each dimension‚ called goalposts‚ and then shows where each country
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Human development index The Human Development Index (HDI) is a comparative measure of life expectancy‚ literacy‚ education and standards of living for countries worldwide. It is a standard means of measuring well-being‚ especially child welfare. It is used to distinguish whether the country is a developed‚ a developing or an underdeveloped country‚ and also to measure the impact of economic policies on quality of life. The index was developed in 1990 by Pakistani economist Mahbub ul Haq and Indian economist Amartya
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The Consumer Price Index (CPI) is designed to provide a broad measure of changes in retail prices experienced by Malaysian households as a group and should not be expected to exactly reflect the experience of any individual household. Laspeyres formula is used for calculating the index which is based on items that are locally consumed reflecting the spending habits of the average Malaysian. Thus the CPI is seen as a general indicator of the change in retail prices paid by households for goods and
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What is HDI? The Human Development Index (HDI) is a composite statistic used to rank countries by level of "human development"‚ taken as a synonym of the older terms "standard of living" and/or "quality of life"‚ and distinguishing "very high human development"‚ "high human development"‚ "medium human development"‚ and "low human development" countries. HDI was devised and launched by Pakistani economist Mahbub ul Haq‚ followed by Indian economist Amartya Sen in 1990. The HDI is a comparative measure
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Estimating the Purchasing Power Parity (PPP) of currencies using the Big Mac Index™ Table of Contents 1. Introduction 2. Purchasing Power Parity and Theory of one Price 3. Over/Under Valuation of currencies against the Dollar 5. Comparative analysis of the most overvalued to the most undervalued 6. Observation and Alternative indexes 7. Limitations 8. Appendix INTRODUCTION Purchasing power parity (PPP) is an important and critical topic in international economics. It arises when the
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Body mass index or (BMI) is a key index that relates a person ’s body weight to their height. The body mass index is a person ’s weight in kilograms (kg) divided by their height in meters (m) squared. The National Institute of Health uses the body mass index to define normal weight‚ overweight and obesity. Overweight is considered is a person having a body mass index of 27.3% or more for women and 27.8 % or more for men. Obesity using the BMI index is defined as a BMI of 30 and above‚ which is
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The body mass index (BMI)‚ or Quetelet index‚ is a measure for human body shape based on an individual’s mass and height. Devised between 1830 and 1850 by the Belgian polymath Adolphe Quetelet during the course of developing "social physics"‚[2] it is defined as the individual’s body mass divided by the square of their height - with the value universally being given in units of kg/m2. † † The factor for UK/US units is more precisely 703.06957964‚ but that level of precision is not
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