Economics · Poverty and Unemployment
As per economists Gaurav Datt and Martin Ravallion, the Poverty Gap Index is calculated primarily to understand which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The degree of relative inequality between the richest and poorest quantiles.
- 2How much increase in overall GDP per capita is required to eliminate absolute poverty.
- 3How much income/expenditure shortfall needs to be covered to bring the poor up to the poverty line.✓
- 4How much calorie deficit needs to be made up to eliminate poverty.
Correct answer
How much income/expenditure shortfall needs to be covered to bring the poor up to the poverty line.
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