Question
Which of the following statements about United Nations
Human Development Index INCORRECT? 1. The HDI is the harmonic mean of normalised indices for each of the three dimensions. 2. The health dimension is assessed by life expectancy at birth. 3. The education dimension is measured by mean of years of schooling for adults aged 21 years and more. 4. The standard of living dimension is measured by gross national income per capita.Solution
The correct answer is D
Standard Price (Standard Quantity – Actual Quantity) = ____________.
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