Neco Model Questions Vol1 2022 Economics Question 27
Practice objective / multiple choice question 27 from the 2022 Neco Model Questions Vol1 Economics examination.
A country's Human Development Index (HDI) is \(0.720\). The HDI is the geometric mean of three dimension indices: health index \(H\), education index \(E\) and standard‑of‑living index \(S\). The health index is \(0.800\). The education index is the arithmetic mean of the mean‑years‑of‑schooling index \(0.750\) and the expected‑years‑of‑schooling index \(x\). The standard‑of‑living index is given by \(S=\dfrac{\ln(GNI)}{\ln(75\,000)}\) where \(GNI=\$12{,}000\). Find the expected‑years‑of‑schooling index \(x\) (rounded to three decimal places).
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This is Neco Model Questions Vol1 2022 Economics Question 27. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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