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(10 Point) The Human Development Index (HDI) is a composite statistic of indicators, which are used...

(10 Point) The Human Development Index (HDI) is a composite statistic of indicators, which are used to rank countries into four tiers of human development.
a. What are the main factors taken into consideration when constructing the new HDI (the sub-elements of the index)?

b. How is the new HDI calculated (the equation)? c. Following countries has HDI values as

Bangladesh 0.515; Canada 0.911;
Russian Federation 0.78; China 0.699;

Burkina Faso 0.343
What can you tell about their development level? Please consider cutoff points of new HDI for the four categories of human development achievements.

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Rahul Sunny answered 1 year ago
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