Solution:The first measure of development, introduced in the US in 1934, by a team of economic experts headed by Simon Kuznets (1971 Nobel Prize winner), was the Per-capita In- come method. This one-dimensional method measures the income per person in an economic unit by measuring the living conditions and quality of life in different areas.The Physical Quality of Life Index (PQLI) is an attempt to measure the quality of life or well-being of a country. The value is the average of three statistics: basic literacy rate, infant mortality, and life expectancy at age one. It was developed for the Overseas Development Council in the mid-1970s by Morris D. Morris.
The Human Development Index (HDI) is based on the hu- man development approach, developed by the economist Mahbub-ul-Haq, is anchored in the Nobel laureate Amartya Sen's work on human capabilities. In 1990, the first Human Development Report was introduced.