Question
The following table shows how a fictitious country, Fictionland, performs on several economic and human outcomes. The table also lists the world max and min
The following table shows how a fictitious country, Fictionland, performs on several economic and human outcomes. The table also lists the world max and min used to calculate HDI. Use this information and the procedure outlined in Chapter 6 of the Taylor and Lybbert text to calculate the HDI for Fictionland. HINT: use natural log when calculating the index for GNI, as shown in the text. For other idexes, you will just use the numbers as they are listed in the table with the Index formula below. Then combine the indexes appropriately to find the HDI.
I(A) = (Ai - Amin) / (Amax - Amin)
Outcome Fictionland Min Max Life expectancy at birth 69 20 83.2 Disability Index .57 .15 .74 Mean years of schooling for adults 12 0 13.2 Expected years of schooling for children 15 0 20.6 % population with health insurance 35% 0% 100% GNI $45,000 $163 $108,211 0.82
0.41
0.37
0.75
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