Assignment: Measuring Well-being.
Using basic Google (or other search engine) search techniques, find country tables for the following:
1. GDP per capita (or average income in dollars)
2. Gini Coefficient
3. Human Development Index (HDI)
Align these three by country as best you can.
Then answer and submit the following:
1. Do the three indexes appear to be highly correlated?
2. Do you see anything in the tables that surprises you? For example, a country with a very high income per capita and a very low HDI rank?
3. Does what you found confirm your prior assumptions about well-being?
4. Search for and identify one more alternative index of economic and/or social well-being (there are a lot!). How is this index constructed?
Do you find it useful?