Neco 2021 Economics Question 47
Practice objective / multiple choice question 47 from the 2021 Neco Economics examination.
Country X has a life expectancy at birth of 70 years. Its education component is based on mean years of schooling = 8 and expected years of schooling = 12. The income index is calculated from GNI per capita (in US dollars) using the formula \(I = \frac{\ln(GNI_{pc})-\ln(100)}{\ln(75{,}000)-\ln(100)}\). The overall Human Development Index (HDI) is given by \(HDI = (LEI \times EI \times I)^{1/3}\). If the reported HDI is 0.75, determine the GNI per capita (rounded to the nearest US dollar).
Answer Options
About This Question
This is Neco 2021 Economics Question 47. It is one of the objective questions from the 2021 Neco Economics examination.
Difficulty level: Hard .
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.