Economics Poverty Questions
The poverty line index is a measure used to determine the minimum income level required for individuals or households to meet their basic needs and be considered above the poverty threshold. It is typically calculated by taking into account factors such as the cost of food, housing, healthcare, and other essential expenses. The poverty line index varies across countries and is often adjusted for factors such as family size and location. It serves as a benchmark for assessing the extent of poverty within a population and is used by governments, organizations, and researchers to develop policies and programs aimed at reducing poverty.