Neco 2024 Economics Question 19
Practice objective / multiple choice question 19 from the 2024 Neco Economics examination.
A country's Human Development Index (HDI) is the arithmetic mean of three dimension indices: life‑expectancy index \(L\), education index \(E\) and GNI per‑capita index \(G\). Currently \(L=0.85\), \(E=0.70\) and \(G=0.60\). The government plans to raise \(E\) by 0.10 and \(G\) by 0.15 while \(L\) stays unchanged. To achieve an overall HDI of at least \(0.82\), what is the minimum increase (to two decimal places) required in the life‑expectancy index \(L\)?
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About This Question
This is Neco 2024 Economics Question 19. It is one of the objective questions from the 2024 Neco Economics examination.
Difficulty level: Hard .
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