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 level. The poverty gap severity index measures the depth of poverty by considering the distance between the poverty line and the actual income or consumption of those below the line. The elasticity index ratio measures the responsiveness of poverty reduction to changes in economic growth. The threshold line refers to the income or consumption level used to define poverty. The incidence reduction strategy refers to the various policies and programs implemented to reduce poverty. The program cycle trap line refers to the phenomenon where individuals or households become trapped in a cycle of poverty due to various factors such as lack of access to education, healthcare, or employment opportunities. Overall, these concepts and measures are used to analyze and address poverty in an economic context.