Economics Poverty Questions
The poverty headcount ratio is a measure that calculates the proportion of the population living below the poverty line. It is the most commonly used indicator to measure poverty.
The gap severity index measures the depth of poverty by considering the distance between the poverty line and the income or consumption level of the poor.
The elasticity index measures the responsiveness of poverty to changes in economic growth or income distribution. It helps to understand how changes in the economy affect poverty levels.
The ratio threshold line incidence refers to the proportion of the population living below a specific poverty line.
In summary, the poverty headcount ratio, gap severity index, elasticity index, and ratio threshold line incidence are all different measures used to analyze and understand poverty levels in an economy.