Chapter 12.2

Question 1

Absolute poverty

Answer 1

A situation where a person or family does not have enough income to meet basic human needs

Question 1

Poverty

Answer 1

An inability to satisfy minimum consumption needs

Question 2

Poverty line

Answer 2

An income level that is considered sufficient to satisfy minimum needs set by governments

Question 3

Relative poverty

Answer 3

A concept that compares the income of individuals or households in a society with median incomes

Question 4

Minimum income standards (MIS)

Answer 4

A method to measure poverty that uses information from a population about what they believe is a minimum acceptable standard of income, then calculates a minimum income for different family types

Question 5

Multidimensional Poverty Index (MPI)

Answer 5

A composite indicator that measures poverty through health, education and living standards

Question 6

What are some difficulties in measuring poverty?

Answer 6

Poverty has different meanings and different approaches to measurement
Overestimation or underestimation of national poverty line