Question

how is poverty line estimated based on income

Answer 1

Describe how the poverty line is estimated in India. Solution: A common method used to measure poverty is based on the income or consumption levels. A person is considered poor if his or her income or consumption levelfalls below a given "minimum level" necessary to fulfill basic needs.

Answer 2

Hey friend,

Here's your answer,


♠ While determining the poverty line in India, a minimum level of food requirement etc are determined for subsistence.

♠ These physical quantities are multiplied by their prices in rupees.

♠ The present formula of food requirement while estimating the poverty line is based on the desired caloric requirement.

♠ A person is considered poor if his or her income falls below a given minimum level, necessary to fulfill basic needs.


Hope this helps!!!