Consider the following statements 1 HDI ranks countries in four dimension of human de...........

Economic and Social Issues Growth and development

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Consider the following statements:

1. HDI ranks countries in four dimension of human development

2. Arithmetic mean of parameters is used to arrive at one composite value

Which of the given statements is/are correct?

1 only

2 only

Both 1 & 2

Neither 1 nor 2

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Explanation:

The Human Development Index (HDI) is a composite statistic of life expectancy, education, and per capita income indicators, which are used to rank countries into four tiers of human development.
A country scores higher HDI when the lifespan is higher, the education level is higher, and the GDP per capita is higher.