Question

The world average y* =$9,000, Ximax =40,000 & Ximin=100, Use the Atkinson's formula to calculate the discounted value of the maximum income of $40,000(PPP), Then, Calculate the HDI for the 2 countries. Country Life exp (years) Eduction(%) Y(PPP,$) A 75 94 35,000 B 53 58 8,700 Weights 1/4 1/4 2/4 Formula: W())=' +269- y) (y + 2 y 2 + 3(x-2), ly +2y+3y^3 + ... +nly- (n-1)y} for_O<ycy for_y sy<dy for_2y' s y < 3y for_(n-1)y's y< ny (Xi-Ximin)/(ximax-Ximin)

Answer 1

please give rating it will be appreciated, thank you

The solution of the above questions is,

API like Enfectancy Inden & Education Index + Income GDP Inden like Expectancy at Birth minimum 25 maximum as years Education = Percentage 0 to 100 % . real upp here tapita (PPP) $100 to $ 40,000 Inden actual - Minimum marimum Minimum life expectancy Inden for lantery As ginen Enfectancy = 75 Indese = 15-25 - SO :0.8333 85-25 O for Country B i ginen Enpectency = 53 Inden = 53-25 28 -0.466667 85-25 60 Education Inden for loun - for bountry A guen Education - 094% for - lounbey B ginen Education - 58% inden = main 58-0 =0-58 100-0 Indin = au-0 .au 100 -0

To Calculate the discount value of the monimum Income of 40,000 Atkinson's formula income but the na-OTOtaruwimsuu since $40,000 is more than Aurage the neared - less than 5 times of mauld Income The Adjusted maximum Real upp is wly) for nysys sya wlys=yet a yod 2 + 3 ly? 3) + 41 yats) + 5 (40000 -4 ya]'s = 9000 42 (2000)': +3(9000)'3 +4(900)'4 +5 (40000 = 4(qoro)]'s = 9000 + 219000)+3(9000) 3+ u carous tits (usovo - 36000) = 9:00 + 2(9600) { + 3 (1080 )3 +419000) + +5 (nooo) Š =9600 +2 194.86) + 3(70-80 ) +4 (9.74) +5L 525) 39000 + 184.72 + 6204 + 38.46 7 20:20 = 9317 - Adjusted Real ADP for Country A - Actual real 4DP = 35,000 it is greater than turage would 9000 but less than utines of Aurge

н lal avi hu apik - we9) tom » 39 42 <чу әw17 ) = 9*+ 29"h + зі" 44 и (у- агуу)* = 400o t = ( 4 ото) + 3 ( 4 ото) +4 35 000 - 3(4 ето » Jч - 400р + 2 ( чово)+ 3 (чото) t ч(з гоо ) Ч - 4000 to 184, 12 +38 - 6 + ч(4-453) - 4 000 + (84: 12 + 38:46 + 31. 328 : 42 66 - S08 d , . . q2 66 - Sog - 100 a317 - 100 О. Q4 ч. at 66 •So8 чR17

the remaining answer will be upload soon due to network error it cant uploaded