Calculate the human development index (HDI) for Gabon

Prepare an executive summary answering the following questions/problems. The main purpose is to quantify the living conditions of developing countries and to examine what the theories can contribute to understanding the problems of underdevelopment. The format should be 8×11 page with one-inch margin. Use Times Roman 12, 1 1⁄2 spaced and make your summary between 800 – 900 words in length. Use a cover page with your name title of the assignment and date. Assignments longer than indicated will face a penalty and the likelihood that I will NOT read beyond the limit. If your work is “too long”, summarize, synthetize, tighten your arguments. This is a useful skill. 1. Calculate the human development index (HDI) for Gabon given the following data and explain its meaning: Population is 2 million people Life expectancy 66 years Expected years of schooling was 13 years Mean years of schooling (years) was 6 Gross National income per capita was $9,500 See the UNDP Technical Notes (in the Content section), for an example of HDI calculations. 2. Suppose you have a country Z (population = 2,000) with 2-goods. i. What is the GNP for 2007 in nominal terms? For 2008? ii. What is the real GNP for 2007? iii. What is the real growth rate of this economy? iv. If the US price of computers in 2008 is 800 and the vacation package price is $4,000, what is the PPP GDP per capita of country Z in 2008? v. Can you say unequivocally that the standard of living has increased for country Z between these two years? 3. Why does economic growth may not necessarily lead to an improvement in the standard of living? Think of a couple of good reasons.