The HDI is one way to measure wellbeing, but there are many other ways to measure wellbeing. (a) What are the strengths and limitations of the HDI as a measure of wellbeing? (b) Find some alternative measures of non-material wellbeing that we could use alongside the HDI to
The HDI is one way to measure wellbeing, but there are many other ways to measure wellbeing. (a) What are the strengths and limitations of the HDI as a measure of wellbeing? (b) Find some alternative measures of non-material wellbeing that we could use alongside the HDI to
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:8 The HDI is one way to measure
wellbeing, but there are many other
ways to measure wellbeing.
(a) What are the strengths and
limitations of the HDI as a measure
of wellbeing?
(b) Find some alternative measures
of non-material wellbeing that we
could use alongside the HDI to
provide a more comprehensive
picture of wellbeing. For each
measure, evaluate the elements used
to construct the measure, and discuss
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