Economy, asked by angal2265, 11 months ago

How does country measure its poverty

Answers

Answered by itzBrainlyBoy
2

Answer:

Poverty is measured in the United States by comparing a person's or family's income to a set poverty threshold or minimum amount of income needed to cover basic needs. People whose income falls under their threshold are considered poor.

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Answered by bratislava
1

Poverty can be measured in terms of absolute and relative measures.

Explanation:

  • Poverty can be measured in terms of absolute and relative ways. The absolute poverty looks at gods and services that cannot be obtained. The relative poverty looks at context of needs that are required to meet the social group.
  • The relative poverty is expressed in percentage and its calculated woh the percentage of people whps income falls below the poverty line. There exists several different ways to measure the poverty such as income inequality index, Gini coefficient.

Learn more about the how does country measure its poverty.

  • brainly.in/question/14445521 answered by itzBrainlyBoy.
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