Economics · Development Economics
What is the primary objective of constructing poverty-weighted indices of growth?
- 1To give at least equal weight to all income groups in society✓
- 2To maximize the absolute economic growth rate
- 3To facilitate foreign trade on an equal basis
- 4To assign more weight to the richest income group and zero weight to lower income groups
Correct answer
To give at least equal weight to all income groups in society
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