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3. Assume that the highest income attainable is $90,000 and the lowest income is $300. a) Calculate the income index component of the HDI of

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3. Assume that the highest income attainable is $90,000 and the lowest income is $300. a) Calculate the income index component of the HDI of the following countries. USA: income = 68,000 France: income = 59,000 b) Calculate the index for the two countries once the highest attainable income increases to $96,000. Show your work

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