Notes and Study material for Exams
The World Bank defines POVERTY in absolute terms. The bank defines extreme poverty as living on less than US$1.90 per day> (PPP), and moderate poverty as less than $3.10 a day. Types of Poverty Absolute poverty measures poverty in relation to the amount of Money necessary to meet basic needs such as food, clothing, and … Read more
The Poverty Gap: A Measure of Deprivation and a Guide to Progress The poverty gap, a key indicator of poverty severity, quantifies the extent to which individuals or households fall below the poverty line. It measures the collective shortfall in income needed to lift everyone living in poverty to the poverty threshold. This article delves … Read more
The Human Development Index: Measuring Progress Beyond GDP The Human Development Index (HDI) is a composite statistic used to rank countries by their level of human development. It is a measure of a country’s overall well-being, taking into account factors beyond economic growth, such as health, education, and living standards. The HDI was developed by … Read more