Economics Poverty Questions
The poverty headcount ratio is a measure that indicates the proportion of a population living below the poverty line. It calculates the number of individuals or households whose income or consumption falls below a certain threshold considered as the poverty line.
The gap severity index measures the depth of poverty by considering the distance between the poverty line and the income or consumption level of those below it.
The elasticity index ratio measures the responsiveness of poverty to changes in economic growth or income distribution. It helps to understand how poverty levels change in relation to changes in the overall economy.
The threshold line refers to the specific income or consumption level that is considered as the poverty line. It is used as a benchmark to determine who is living in poverty.
Incidence reduction strategy refers to the various policies and programs implemented to reduce the number of people living in poverty.
The program cycle trap refers to the situation where individuals or households become trapped in a cycle of poverty due to various factors such as lack of access to education, healthcare, or job opportunities.
Overall, these terms are related to different aspects of measuring and addressing poverty in an economy.