Question: The following table reports the minimum and maximum values for health, education and income dimensions for the countries of the World in 2018 Dimension Indicator

The following table reports the minimum and maximum values for health, education and income dimensions for the countries of the World in 2018

Dimension

Indicator

Minimum

Maximum

Health

Life expectancy (years)

Education

Expected years of schooling

Education

Mean years of schooling

Standard of Living

Gross National Income (GNI) Per capita (2011 PPP $)

100

75,000

Consider Georgia that has the following indicators: 75 years of life expectancy, 13.9 expected years of schooling, 12.2 mean years of schooling and 8,856 GNI (2011 PPP $). Assume that for the education index the max value used in the denominator is 0.971 and the min value is zero.

a)Compute the NHDI for Georgia. (Hint: must calculate health, education and income indices) 3 points

b)Has Georgia a higher NHDI compared to that of Venezuela (NHDI of 0.76) for 2018? 1 point

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