Neco Model Questions Vol1 2020 Economics Question 37

Practice objective / multiple choice question 37 from the 2020 Neco Model Questions Vol1 Economics examination.

Neco Model Questions Vol1 2020 Economics Objective / Multiple Choice Hard Difficulty
Question 37 NECO_MODEL_QUESTIONS_VOL1 • 2020 • ECONOMICS • objective

A country aims to achieve an HDI of \(0.750\). Its life expectancy is 70 years, mean years of schooling (MYS) is 9 years, and gross national income per capita (GNIpc) is $12,000. The education index is the average of the MYS index \(=\frac{\text{MYS}}{15}\) and the expected years of schooling (EYS) index \(=\frac{\text{EYS}}{18}\). The life‑expectancy index is \(\frac{\text{LE}-20}{85-20}\) and the GNI index is \(\frac{\ln(\text{GNIpc})}{\ln(75,000)}\). Find the required value of EYS (in years) that will give the target HDI.

Answer Options

A. 10.5
Correct Answer B. 12.4
C. 13.2
D. 11.8
Correct Answer
B
Correct Option:
12.4

About This Question

This is Neco Model Questions Vol1 2020 Economics Question 37. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Economics examination.

Difficulty level: Hard .

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