Economics · Human Development
The Human Development Index (HDI) uses which specific transformation to normalize its component indices?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Logarithmic transformation only for the income index✓
- 2Z-score standardization for all variables
- 3Square root transformation for all component indices
- 4Logarithmic transformation for education and health indices
Correct answer
Logarithmic transformation only for the income index
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