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Questions › IIT JAM › IIT JAM 2021 › Q43
1 markEconomics of Growth and Development › Poverty, inequality and human development › Human development, capabilities and development goalsModerateabout 2 min

IIT JAM 2021 Question 43: Poverty, inequality and human development

Normalized dimension indices for a country are: standard of living 0.4, education 0.2, health 0.8. Following the current UNDP methodology, the Human Development Index (HDI) is _______ (round off to 1 decimal place).

Answer and worked solution

Answer: 0.4

Since 2010 the UNDP computes the HDI as the geometric mean of the three dimension indices.

So HDI=(0.4×0.2×0.8)1/3=(0.064)1/3=0.4HDI = (0.4 \times 0.2 \times 0.8)^{1/3} = (0.064)^{1/3} = 0.4HDI=(0.4×0.2×0.8)1/3=(0.064)1/3=0.4. The answer is 0.40.40.4.

Poverty, inequality and human development has come up 92 times in 7 exams since 2010.

What this question tests

This question is on Human development, capabilities and development goals, part of Poverty, inequality and human development in Economics of Growth and Development.

Broader measures of well-being and the international targets that use them.

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