Which of the following is an alternate measure of wellbeing currently used that incorporates GDP, but which does not rely exclusively on income as a measure of well-being?

Choose 1 answer:
(A) The Human Development Index (HDI)
(B) Real GDP per capita
(C) Real GDP per capita, adjusted for purchasing power parity (real GDP PPP)
(D) National Income per capita
(E) The Happy Planet Index

Question

Which of the following is an alternate measure of wellbeing currently used that incorporates GDP, but which does not rely exclusively on income as a measure of well-being?

Choose 1 answer:
(A) The Human Development Index (HDI)
(B) Real GDP per capita
(C) Real GDP per capita, adjusted for purchasing power parity (real GDP PPP)
(D) National Income per capita
(E) The Happy Planet Index

Accepted Answer

***A*** ∻Key Concept∻ ⚹Human Development Index (HDI)⚹ ∻Explanation∻ ⚹The HDI is an alternative measure of well-being that incorporates GDP but also includes indicators of health, education, and standard of living, thus not relying exclusively on income.⚹◊What are the limitations of relying on GDP per capita as a measure of well-being and what alternative measures can be used to supplement it?⍭ Generate me a similar question◊

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