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Economics glossary · The global economy

Education

What education means in economics, as one of dimensions of the Human Development Index, with an example and a question to test yourself.

Definition
Education
The education dimension measures knowledge, using mean years of schooling for adults and expected years of schooling for children starting school now.
Example

Can you think of an example of education?

Test yourself

Can you name the three dimensions of the Human Development Index?

Learn it properly: the module

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