A country has a Life expectancy at birth (years) 70.7, expected years of schooling (years) 12.5, mean years of schooling (years) 9.6, and gross national income per capita $32,465. The maximum for expected years of schooling, 18, the maximum per capital income is set at $75,000, and the benchmark life expectancy at birth of 85 years. Compute the new HDI for this economy. [Show all your steps].

A country has a Life expectancy at birth (years) 70.7, expected years of schooling (years) 12.5, mean years of schooling (years) 9.6, and gross national income per capita $32,465. The maximum for expected years of schooling, 18, the maximum per capital income is set at $75,000, and the benchmark life expectancy at birth of 85 years. Compute the new HDI for this economy. [Show all your steps].

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter17: Development Economics

Section: Chapter Questions

Problem 2E

See similar textbooks

Similar questions

PLS HELP ME TO ANSWER THIS IN YOUR OWN WORDS THANK YOU: What is your expectation for this school year 2021-2022?
If GDP is expected to increase at a steadyrate of 3% per year, how many yearswould it take for living standards todouble?a. 10b. 20c. 24d. 30
Consider the results in Table 3. What is the predicted home size of a householdcomposed of 5 members, renting, and with annual net income equal to 37,150 euros?How does it differ from the predicted home size of a household composed of 1member, owning, and with annual net income equal to 37,150 euros?
Say that the average worker in Canada has a productivity level of $30 per hour while the average worker in the United Kingdom has a productivity level of $25 per hour (both measured in U.S. dollars). Over the next five years, say that worker productivity in Canada grows at 1% per year while worker productivity intheUKgrows3%peryear.Afterfiveyears,whowill have the higher productivity level, and by how much?
7. Suppose that in a country 10% of all females born die in infancy, 20% die at age 20, 15% die at age 30 and one-third die age 60. Women bear one child at age 25, one child at age 28, one child at age 32, and one child at age 35. One-half of children are girls. a. Compute the TFR and the NRR. b. Suppose that mortality is reduced so that there is no infant mortality, a third of all women die at age 20 and a third at age 30 and one-third at age 60. Compute the NRR. c. Suppose now that age-specific fertility changes, so that women have (on average) one-half child at ages 25, 28, 32, and 35. Compute the TFR and the NRR.
Solve and discuss the following income determination model: Y, =C, +1,C, =300+05y, +0.4y,-1 %3D %3D 1, = 200+0. 2y,-1 and yo =6,000 %3D %3D
Julie lives for two periods. She works in the first, saves some of her income, and retires inthe second and lives off her savings. For every coconut she saves today, she earns an interestrate of r = 2%. Julie’s generation comprises of 1,000 people and each generation grows byn% relative to the previous one.a. In the first period Julie saves 100 coconuts for retirement. How many coconuts will shehave when she retires?b. Now suppose that the government implements a pay-as-you-go social security system,forcing every person in Julie’s generation to pay 100 coconuts to a social security fund thatwill distribute the money to the currently old. In exchange, when Julie retires each youngperson will pay 100 coconuts to the social security fund, and the revenue will be dividedequally among the future retirees. How much will be the revenue of the social securitysystem, and how many coconuts will each retiree will receive?c. What will have to be the range of values for n so that the government’s…
Expected Rate of net profits 15% Investment GDP Consumption $100 160 $100 12. 40 200 80 300 220 120 400 280 13 160 500 340 200 600 400 Refer to the above data. If gross Investment Is $120, the equilibrlum level of GDP will be Multiple Cholce S370 3400
15 Cumulative % of Population Cumulative % of Income, 20 40 60 80 100 21 37 58 100 Bangladesh, 2010 Cumulative % of Income, 6. 18 35 58 100 Spain, 2010 Cumulative % of Income, 29 49 100 United States, 2010 United States data from the Congressional Budget Office at CBO.gov. Before-tax Income, rounded to whole %s. Data for other countries from WorldBank.org. rounded to whole %s. Report your answers to two decimal places. According to these data, the Gini coefficient for Bangladesh in 2010 is The Gini coefficient for Spain in 2010 is in Bangladesh compared to Spain. These Gini coefficients indicate that in 2010, the income distribution was more equal In 2010, the income distribution was more unequal in the United States compared to Bangladesh.
Below is some data for Jane. Year 1: Pr = 15, X = 20, py = 25, Y = 30 Year 2: Pa = 6, Py = 30, Income = 1050 %3D In which year is Jane better off? Why?
Assessing the impact of digital facilitation in Ghana’s investment sector. Required i. identify the dependent and the indpendent variable in the above research topic.
Country % share of World Population 2011 % of World GDP 2011 % of World Energy Consumption 2011 US 4.5% 17.1% 18.5% Europe 11.3% 21.5% 24% India 18% 6.4% 4.4% China 19% 14.9% 20.7% 1.Consider the percentage shares of World Population, GDP, and Commercial Energy Use for some major countries(US, Europe,India, China) in 2011. How do you think the situation will look like in a future (say 2050) more sustainable world? ( 1 to 2 Paragraphs)2. List three examples of energy production and use practices that you think are unsustainable. Also explain why they are unsustainable and how we might make each of them more sustainable. (Short Paragraphs for each of three examples)