Human development index (HDI) is calculated using three indicators; (Numerical Example)
- Life Expectancy Index
\(\frac{Given\;Country's\;Life\;Expec\tan cy\;-\;Minimum\;Life\;Expec\tan cy}{World's\;highest\;Life\;Expec\tan cy\;-\;Minimum\;Life\;Expeca\tan cy}\;\)
- Education Index
\(\frac{{\displaystyle\frac{Given\;Country's\;Mean\;Schooling\;Year}{15}}+{\displaystyle\frac{Given\;Country's\;Expected\;Schooling\;Year}{18}}}2\)
- Income Index
\(\frac{\ln\left(Given\;Country's\;Per\;Capita\;Income\right)\;-\;\ln\left(World's\;Lowest\;Per\;Capita\;Income\right)}{\ln\left(World's\;Highest\;Per\;Capita\;Income\right)\;-\;\ln\left(World's\;Lowest\;Per\;Capita\;Income\right)}\)
- Human Development Index (HDI) = ?
\(Human\;Development\;Index\;(HDI)=\sqrt[3]{Indicator(a)\times Indicator(b)\times Indicator(c)}\)
(Check this Numerical Example)
NOTE:
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