Economics Poverty Questions
The poverty headcount ratio gap severity elasticity index ratio is a measure used in economics to assess the severity of poverty. It is calculated by dividing the poverty gap index by the poverty headcount ratio. The poverty headcount ratio measures the proportion of the population living below the poverty line, while the poverty gap index measures the average shortfall in income or consumption of those living below the poverty line. The ratio helps to understand the depth and intensity of poverty within a population.