Formulation of physical Quality of Life Index (PQLI):
- Three indicators namely, literacy, life expectancy and infant mortality rate together form the index for physical quality of life.
- Each indicator is measured on the scale of 1 to 100 where 1 represents the worst performance by any country and 100 is the best performance.
Steps to calculate Physical Quality of Life Index:
- Find percentage of the population that is literate (literacy rate)
- Find the infant mortality rate
- Find the life expectancy
- Physical Quality of Life Index =
\(=\frac{ Literacy\, rate + \,Infant \,mortality \,rate\, index + Life \,expectancy\, index )}3\)