The formula to calculate the Human Development Index (HDI) is:
\[ HDI = (I_h \cdot I_e \cdot I_i)^{1/3} \]
Where:
HDI stands for the Human Development Index. It’s a measure used to rank the human development of given countries. In other words, this can be used to distinguish between 1st, 2nd, and 3rd world countries.
Let's assume the following values:
Using the formula to calculate the HDI:
\[ HDI = (0.8 \cdot 0.7 \cdot 0.6)^{1/3} \approx 0.68 \]
The Human Development Index (HDI) is approximately 0.68.