How is Income index calculated for Human development Index?
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The standard of living dimension is measured by gross national income per capita. The HDI uses the logarithm of income, to reflect the diminishing importance of income with increasing GNI. The scores for the three HDI dimension indices are then aggregated into a composite index using geometric mean
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Answer: Income index calculated for Human development Index
Explanation:
The HDI was calculated in 2010 using the following indicators: Health - Life expectancy at birth. Education - expected years schooling for school-age children and average years of schooling in the adult population. Income - measured by Gross National Income (GNI) per capita
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