Assume you are the head of an Economic Development Policy team. Suppose that you create two teams
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Question:
Assume you are the head of an Economic Development Policy team. Suppose that you create two teams to collect data on two developing countries (Viet Nam and India) that need support and resources to help them grow economically. As the boss of the team, you task the two teams to collect sufficient data to help the team to create the New Human Development Index for the two countries. Suppose after 6 months of data collection the teams came back with information in Table 1 below. Using the information provided in Table 1, answer the following questions:
Table 1: Data collected by teams
Economic Data | Team 1: Viet Nam | Team 2: India |
PPP GNI per capita | $5,859 | $7,060 |
Life Expectancy | 76.5 | 68.8 |
Mean years of schooling | 8.2 | 6.4 |
Expected years of schooling | 12.7 | 12.3 |
- Calculate the Income index, Life expectancy index, and Education index for Viet Nam and India.
- From (i) calculate the New Human Development Index (HDI) for Viet Nam and India.
- Based on your answer in part (ii), where does the New HDI Rank Viet Nam and India in terms of human development?
- Now that you know where these two countries rank in terms of human development, which of the two countries would you allocate more resources to, and why?
NB: Please make sure to watch the videos on New HDI before answering this question.
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ISBN: 978-0073403342
5th edition
Authors: Eric W Larson, Clifford F. Gray
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