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 overall economy affect poverty levels.
The ratio threshold line incidence reduction refers to the reduction in the proportion of the population living below the poverty line.
In summary, the poverty headcount ratio gap severity elasticity index ratio threshold line incidence reduction is a combination of various indicators and measures used to assess and understand poverty levels, depth, responsiveness, and reduction.