Economics · Poverty Estimation Methods
Which of the following describes the Cost of Basic Needs (CBN) Method for determining the poverty line?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It defines the poverty line as the level of per capita expenditure required to meet a minimum calorie norm.
- 2It calculates the poverty line based on individuals' own assessment of the minimum income required to make ends meet.
- 3It multiplies the cost of a minimum food budget by a factor of three to determine the poverty line.
- 4It computes the poverty line as the cost of a basket of both food and non-food basic needs, making it more comprehensive than the calorie method.✓
Correct answer
It computes the poverty line as the cost of a basket of both food and non-food basic needs, making it more comprehensive than the calorie method.
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