Which of the following indicators have been used by the World Economic Forum to calculate Global Competitiveness Index for 2016-17?
- Efficiency enhancer subindex
- Innovation and sophistication factors subindex
- Life expectancy enhancer subindex
Select the correct answer using the code given below.
1 and 2 only
2 and 3 only
1 and 3 only
1, 2 and 3
Answer is Wrong!
Answer is Right!
This question was previously asked in
UPSC CDS-2 – 2017
1. Basic Requirements (institutions, infrastructure, macroeconomic environment, health and primary education)
2. Efficiency Enhancers (higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness, market size)
3. Innovation and Sophistication Factors (business sophistication, innovation)
Statements 1 (Efficiency enhancer subindex) and 2 (Innovation and sophistication factors subindex) correspond to two of these main sub-indices. Statement 3 (“Life expectancy enhancer subindex”) is not a component used in the GCI framework. While health is a pillar under ‘Basic Requirements’, there isn’t a dedicated ‘Life expectancy enhancer subindex’.