Neco 2025 Economics Question 3

Practice objective / multiple choice question 3 from the 2025 Neco Economics examination.

Neco 2025 Economics Objective / Multiple Choice Hard Difficulty
Question 3 NECO • 2025 • ECONOMICS • objective

The Human Development Index (HDI) for a country is calculated as the geometric mean of three normalized indices: health (H), education (E) and income (I), i.e. \( HDI = (H \times E \times I)^{1/3} \). Suppose the country's HDI is 0.720, its health index is 0.800 and its income index is 0.650. Determine the education index, rounded to three decimal places.

Answer Options

A. Education index = 0.650 (approximately)
Correct Answer B. Education index = 0.717 (approximately)
C. Education index = 0.735 (approximately)
D. Education index = 0.997 (approximately)
Correct Answer
B
Correct Option:
Education index = 0.717 (approximately)

About This Question

This is Neco 2025 Economics Question 3. It is one of the objective questions from the 2025 Neco Economics examination.

Difficulty level: Hard .

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