00:01
What are some of the other ways of comparing the standard of living in countries around the world? so we're looking at comparing standards of living around the world.
00:24
So the other ways of comparing the standard of living in countries around the world would be the first one that we can talk about is the human development index, which is commonly known as hdi.
00:37
With this index it was created by the un by the way and it's often composed of four variables so this basically mentioned the standard of living based on the social and economic aspect and the variables include the main years of schooling the gross national income capital so we can say the variables include the main years of schooling, the gross national income per capital, the life expectancy at birth, and lastly, the expected years of schooling.
02:05
So this is what the human index, development index, consists of the variables.
02:12
Another way of comparing the standard of living in countries, in countries around the world would be the index of social health, which, the index of social health, it was basically created to monitor the level of social well -being like the name says.
02:41
So it monitors the level of social well -being.
02:53
And it's based on, so, elm 16 indicators, we could be, there are a lot.
02:58
So i'm just going to mention a few of them.
03:01
There are infacts, mentality, income and quality, unemployment, teenage drug abuse, health insurance, coverage, and of that.
03:11
So they're basically created by the institute of innovation for social policy, basically to monitor the level of social well -being...