Question

The Standard of Living Index (SLI) in HDI is represented by:

• A. Average wage
• B. Food consumption
• C. Poverty rate
• D. Per capita income converted to PPP and log-transformed

Answer 1

Answer:

D. Per capita income converted to PPP and log-transformed

• The Standard of Living Index (SLI) uses per capita income adjusted to purchasing power parity (PPP) and log-transformed to better reflect differences in living standards across countries