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Chapter 30: Q.30.3 - Learning Objectives (page 668)

Distinguish among alternative approaches to measuring and addressing poverty.

Short Answer

Expert verified

Some approaches to measuring and addressing poverty are Total poverty gap, headcount index, the average poverty gap, average income shortfall

Step by step solution

01

Given Information

Poverty can be characterized as a condition in which an individual can't satisfy his essential least requirements or it is the condition of being very poor.

02

Explanation

Total Poverty Gap- It alludes to the amount of the contrast between the destitution line and real pay surprisingly living underneath the neediness line.

HeadCount Index- The extent of a nation's population living below the poverty line

Represented byHN where H is the population living below poverty and N is the total population

Average Poverty Gap (APG)- It can be acquired by isolating TPG (Total Poverty Gap) by the complete populace.

Average Income Shortfall (AIS)- It shows us the typical sum by which the payment of a needy individual falls below the poverty line.

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