ESSE Chapter 1.1

Question 1

Absolute poverty

Answer 1

Situation where the lack of resources prevents access to basic needs

Question 2

Relative poverty

Answer 2

Disadvantage with respect to the society or reference

Question 3

Temporary poverty

Answer 3

Oscilations over the poverty line depending on circumstances

Question 4

Absolute poverty line

Answer 4

Monetary value of resources required to mantain a miniumum welfare, given in absolute terms.

Question 5

Relative poverty lines

Answer 5

Monetary value defined with respect to a reference value (median of the distribution of household income)