Economics · Development Indicators
Consider the following statements about the Human Development Index (HDI) and the Physical Quality of Life Index (PQLI): 1. Since 2010, the HDI uses a geometric mean to aggregate dimensions, reducing perfect substitution among them. 2. HDI transforms income logarithmically to capture diminishing marginal utility and welfare returns. 3. The PQLI assigns equal weights to all of its three component indicators. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 only
- 21 and 2 only
- 31, 2 and 3✓
- 42 and 3 only
Correct answer
1, 2 and 3
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