Neco 2017 Economics Question 40

Practice objective / multiple choice question 40 from the 2017 Neco Economics examination.

Neco 2017 Economics Objective / Multiple Choice Hard Difficulty
Question 40 NECO • 2017 • ECONOMICS • objective

Using the United Nations Human Development Index (HDI) methodology, compute the HDI for a country with the following data:\n\n- Life expectancy at birth: 68 years (minimum 20, maximum 85)\n- Expected years of schooling: 10 years (minimum 0, maximum 18)\n- Mean years of schooling: 6 years (minimum 0, maximum 15)\n- Gross national income (GNI) per capita: \u20A5 8,000 (log‑scale minimum $100, maximum $75,000)\n\nThen, assuming the GNI per capita rises to \u20A5 70,000 while all other indicators remain unchanged, recompute the HDI and state whether the country moves from the ‘medium' to the ‘high' human development category (threshold 0.700).

Answer Options

Correct Answer A. Initial HDI ≈ 0.615 (medium). New HDI ≈ 0.704 (high).
B. Initial HDI ≈ 0.615 (medium). New HDI ≈ 0.750 (high).
C. Initial HDI ≈ 0.620 (medium). New HDI ≈ 0.690 (medium).
D. Initial HDI ≈ 0.600 (medium). New HDI ≈ 0.720 (high).
Correct Answer
A
Correct Option:
Initial HDI ≈ 0.615 (medium). New HDI ≈ 0.704 (high).

About This Question

This is Neco 2017 Economics Question 40. It is one of the objective questions from the 2017 Neco Economics examination.

Difficulty level: Hard .

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