What is the human development index (HDI)?(1 point)

1 a comparison of the value of currency and prices between different places using a common “market basket” of goods and services
2 the total amount of goods and services in a market during one year’s period of time
3 a measure of economic development determined by considering multiple factors, including income, life expectancy, and education, to rate countries on a scale between 0 and 1
4 a term used when a value is divided by the number of people in an area

3 a measure of economic development determined by considering multiple factors, including income, life expectancy, and education, to rate countries on a scale between 0 and 1