Question

What are the income and expenditure method of measuring poverty?

Answer 1

Answer:

CURRENTLY IN INDIA ; THERE IS NO SPECIFIC METHOD OF INCOME & EXPENDITURE TO MEASURE POVERTY !

Answer 2

Answer:

Method in measuring poverty involves three main decisions: choice of a welfare measure (income or expenditure): choice of a poverty line (absolute or relative) and choice of a poverty index for aggregation (headcount index, poverty extent and poverty severity (Sen Index) (Foster, Greer, and Thorbecke, 1984).

Thank you