The human development index is a weighted average of indexes of health, education and living standards....
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The human development index is a weighted average of indexes of health, education and living standards. The fact that the logarithm of per capita income is used to construct its index of living standards implies that an additional $100 per capita will not impact the value of the index. an additional $100 per capita will have a smaller impact on the relative value of the index of a poor country compared to a rich country. an additional $100 per capita will have a bigger impact on the relative value of the index of a poor country compared to a rich country. an additional $100 per capita will have the same impact on the relative value of the index of a poor country compared to a rich country. The human development index is a weighted average of indexes of health, education and living standards. The fact that the logarithm of per capita income is used to construct its index of living standards implies that an additional $100 per capita will not impact the value of the index. an additional $100 per capita will have a smaller impact on the relative value of the index of a poor country compared to a rich country. an additional $100 per capita will have a bigger impact on the relative value of the index of a poor country compared to a rich country. an additional $100 per capita will have the same impact on the relative value of the index of a poor country compared to a rich country.
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
Posted Date:
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