mention the methods of calculating HDI
Answers
Answer:
The HDI is calculated as the geometric mean (equally-weighted) of life expectancy, education, and GNI per capita, as follows: The education dimension is the arithmetic mean of the two education indices (mean years of schooling and expected years of schooling).
Answer:
The HDI is a simple average of life expectancy index, educational attainment index, and the adjusted real GDP per capital (PPP$) index. It is calculated by dividing the sum of these three indices by 3. The maximum and minimum values for each variable which are fixed are reduced to a scale between 0 and 1, with each country at some point of the scale.
The HDI value for each country indicates the distance it has travelled towards the maximum possible value of 1 and how far it has to go to attain certain defined goals: and average life span of 85 years, access to education for all and a decent standard of living. The HDI ranks countries in relation to each other. A country’s HDI ranks is within the world distribution i.e., it is based on its HDI value in relation to each developed and developing country for which the particular country has travelled from the minimum HDI value of 0 towards the maximum HDI value of 1. Countries with an HDI value below 0.5 are considered to have a low level of human development, those between 0.5 to 0.8 a medium level and those above 0.8 a high level.
Explanation:
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