Economy, asked by sejalb3824, 1 year ago

Write a note on the various parameters of poverty measurement.

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Answered by Anonymous
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The main poverty line used in the OECD and the European Union is a relative poverty measure based on "economic distance", a level of income usually set at 60% of the median household income. ... The multiplier was based on research showing that food costs then accounted for about one-third of money income.

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