What is the poverty headcount ratio gap severity elasticity index ratio threshold line incidence reduction strategy program cycle trap line threshold gap severity elasticity?

What is the poverty headcount ratio gap severity elasticity index ratio threshold line incidence reduction strategy program cycle trap line threshold gap severity elasticity?

The poverty headcount ratio is a measure that calculates the percentage of the population living below the poverty line. It indicates the severity of poverty in a given population. The gap severity index measures the depth of poverty by considering the average income shortfall of the poor population from the poverty line. The elasticity index measures the responsiveness of poverty reduction to changes in economic growth. The threshold line is the income level below which individuals or households are considered to be living in poverty. Incidence reduction strategies refer to policies and programs aimed at reducing the number of people living in poverty. The program cycle trap refers to the phenomenon where individuals or households remain trapped in poverty due to various factors such as lack of access to education, healthcare, or employment opportunities. The threshold gap severity elasticity ratio is a measure that combines the threshold, gap severity, and elasticity indices to provide a comprehensive assessment of poverty and its responsiveness to economic growth.