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Which of the following indicators have been used by the World Economic Forum to calculate Global Competitiveness Index for 2016-17? 1. Efficiency enhancer sub index 2. Innovation and sophistication factors sub index 3. Life expectancy enhancer sub index Select the correct answer using the code given below.

Which of the following indicators have been used by the World Economic Forum to calculate Global Competitiveness Index for 2016-17? 1. Efficiency enhancer sub index 2. Innovation and sophistication factors sub index 3. Life expectancy enhancer sub index Select the correct answer using the code given below. Correct Answer 1 and 2 only

The answer is 1 and 2 only

Indicators used by the World Economic Forum to calculate Global Competitiveness Index for 2016-17 were:

  • Efficiency enhancer sub index
  • Innovation and sophistication factors sub index


Note:

  • The Global Competitiveness Index evaluates the potential of countries to provide welfare to their citizens.
  • The Index basically measures the economic prosperities

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P2 : Time-invariant but NOT linear
P3 : Linear and time-invariant
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