Economic Development Indices Questions
The MPI (Multidimensional Poverty Index) is calculated by considering three dimensions of poverty: health, education, and standard of living. Within each dimension, various indicators are used to measure deprivation, such as child mortality, years of schooling, and access to clean water. The MPI combines these indicators to create a composite index, which ranges from 0 (no poverty) to 1 (extreme poverty). The calculation involves assigning weights to each indicator and aggregating the data to determine the overall level of multidimensional poverty in a given population.