admin p 2:02 clubl 92% & JULY (30 je 1 Bids) Lecture Slides (Week 5) (1.pdf Li Q Q DOCX CV kholoud alde Workhorse Models |Contemporary Models ECON333: Economic Development & Institutions Fall Semester 2022 Midterm Examination PART B. SHORT ANSWER QUESTIONS Question 1 (this question has five parts, (a) to (e)) Based upon the information given in Table 1, answer the following questions. Indicator Value Minimum Maximum Life expectancy at birth (years) 66.6 20 (P) 82.5 (A) Mean years of schooling 5.2 0 (P) 13.4 (A) Expected years of schooling 8.6 0 (P) 17.4 (A) GNI per capita (PPP,$) 5311.0 100 (P) 75000.0 (P) Table 1: Some Basic Indicators of Health and Education for Pakistan, 2018 (a) Calculate the life expectancy index for Pakistan. (b) Calculate the education index for Pakistan. (c) Calculate the income index for Pakistan. (d) Calculate the New Human Development Index (NHDI) for Pakistan. (e) Briefly explain why Pakistan has lower HDI ranking (150) than Kenya (142), while its GNI per capita is higher than that of Kenya ($2,961). (3+ 3 + 3 + 3 + 3 = 15 marks) ote: Letter P stands for the pre-set value and A stands for the actual value from Table 2.4 of t