Topic: report for HDI and CIW

Topic: report for HDI and CIWOrder DescriptionWe have figured out that the GDP (especially the real GDP per capita) is often used as a measure of our well-being, although technically it is not (it is rather ameasure of overall production). There have been many attempts to actually measure the the quality of life (and many proposals to devise the policies that influencethose indicators rather than GDP).Research the two quality-of-life aggregates:HDI by United Nations https://hdr.undp.org/en (Links to an external site.) (review the table https://hdr.undp.org/en/content/table-1-human-development-index-and-its-components Human Development Index and Its Components (Links to an external site.), also see the explanation how the index is calculated (Links to an externalsite.)https://www.science4all.org/esteve/hdi-a-measure-of-human-capabilities/, if you want to). CIW by the Canadian Research Advisory Group (Links to an external site.) (most information can be found under Our Productshttps://uwaterloo.ca/canadian-index-wellbeing/ [left-hand panel; see Framework (Links to an external site.)https://uwaterloo.ca/canadian-index-wellbeing/our-products/framework, Domains (Links to anexternal site.)https://uwaterloo.ca/canadian-index-wellbeing/our-products/domains and Composite Index (Links to an external site.)https://uwaterloo.ca/canadian-index-wellbeing/our-products/composite-index]) Write a report. For HDI:Explain how it works (what is included and what is measured); Give and explain one advantage of HDI over real GDP per capita; Give and explain one advantage of the real GDP per capita over HDI; Give an example of a policy that would likely increase HDI but decrease GDP. Explain in short. For CIW:Explain how it works (what is included and what is measured); Give and explain one advantage of CIW over real GDP per capita; Give and explain one advantage of the real GDP per capita over CIW; Give an example of a policy that would likely increase CIW but decrease GDP. Explain in short. Use library and online resources to support your findings and conclusions (important: make sure your sources are appropriate ? for instance, an academic article or atextbook are appropriate, an opinion letter to a newspaper is not. In other words, your sources must be reliable).:

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