Economic Development Indices Questions
The GEAPI (Gender Economic Development Index) is calculated by combining three components: income, education, and life expectancy. Each component is normalized and then multiplied by a weight to reflect its importance. The income component measures the gender gap in income, the education component measures the gender gap in education, and the life expectancy component measures the gender gap in life expectancy. The three components are then averaged to obtain the GEAPI score, which ranges from 0 to 1, with 1 indicating gender equality in economic development.