The life expectancy index for Haiti is: 0.487 0.419 0.256 0.219 (See Table 1) Th

Question

The life expectancy index for Haiti is: 0.487 0.419 0.256 0.219 (See Table 1) The standard of living index for Haiti is: 0.172 0.333 0.556 0.319 (See Table 1) Assume that the education index for Haiti 0.236. The Human Development Index (HDI) for Haiti is: 0.253 0.248 0.257 0.222 The term human capital describes: improvement made possible by better machines and the equipment available. improvement in the technology available to the work force. improvement in a worker's skills made possible by education, training and knowledge. improvement in the robotics technology that can substitute for a human worker.

Explanation / Answer

5. Standard of living OR income index (II) = ( ln(GDP) – ln(min gdp) ) / ( ln (max gdp) – ln (min gdp) )

= 0.1721

6. Education index (EI) = 0.236

Life expectancy index , LI = (46.5 – 20) / (83.2-20) = 0.4193

Income index II = 0.1721

Human development index = Cuberoot (LI * EI * II)

HDI = (0.4193 * 0.236 * 0.1721)^ (1/3) = 0.2573

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