i. Use the information from the table to calculate the HDI and NHDI (use default maximum and minimum values for each index as stated in the textbook) for each country. [Clearly show all workings]. ii. What can you say if you compare the traditional measure (PCI)2 to the modern measure of development (NHDI) for each country? [Hint: write no more than 200 words excluding spaces] iii. How do the resulting NHDI scores and additional measures illustrate a possible weakness of the NHDI as a measure of choice/capabilities/freedoms? Provide necessary references if needed [Hint: write no more than 200 words excluding spaces] [30 marks] Download 2017 data on the following 5 variables for Canada and USA from World Development Indicators and comment on income inequality between the two countries, i.e., which country has worsened income inequality. What factors do you think are responsible for worsened income inequality in the country (whether it is Canada or USA according to the data). Provide necessary references if needed. [Hint: write no more than 200 words excluding spaces] Income share held by highest 20%, income share held by second 20%, income share held by third 20%, income share held by fourth 20%, and income share held by lowest 20%. [10 marks] 3. What are economic institutions, and how do they shape problems and prospects for successful development? Provide necessary references if needed. [Hint: write no more than 200 words excluding spaces] [10 marks]