Rework on the HDI calculation. In 2019, the U.S!'s life expectancy at birth was 78.9, Mean years of schooling was 13.4, expected years of schooling was 16.3 and GNI per capita was $63,826. Show the steps to calculate its HDI value 0.926. In your calculation, keep 3 decimal points. Use the table below for the minimum and maximum values. Dimension Health Education Standard of living Indicator Life expectancy (years) Expected years of schooling (years) Mean years of schooling (years) GNI per capita (2017 PPP$) Minimum 20 0 0 100 Maximum 85 18 15 75,000

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
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Rework on the HDI calculation.
In 2019, the U.S!'s life expectancy at birth was 78.9, Mean years of schooling was 13.4, expected
years of schooling was 16.3 and GNI per capita was $63,826.
Show the steps to calculate its HDI value 0.926. In your calculation, keep 3 decimal points. Use the
table below for the minimum and maximum values.
Dimension
Health
Education
Standard of
living
Indicator
Life expectancy (years)
Expected years of schooling (years)
Mean years of schooling (years)
GNI per capita (2017 PPP$)
Minimum Maximum
20
85
0
18
0
15
100
75,000
Transcribed Image Text:Rework on the HDI calculation. In 2019, the U.S!'s life expectancy at birth was 78.9, Mean years of schooling was 13.4, expected years of schooling was 16.3 and GNI per capita was $63,826. Show the steps to calculate its HDI value 0.926. In your calculation, keep 3 decimal points. Use the table below for the minimum and maximum values. Dimension Health Education Standard of living Indicator Life expectancy (years) Expected years of schooling (years) Mean years of schooling (years) GNI per capita (2017 PPP$) Minimum Maximum 20 85 0 18 0 15 100 75,000
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