Measurement

Question 1

Milanovic’s Concepts of Inequality

Answer 1

1) Unweighted international inequality
2) Population weighted international inequality
3) Global Inequality

Question 2

Poverty Concepts

Answer 2

1) Inability to obtain adequate food and basic necessities
2) Material deprivation: private resources beyond basic necessities
3) Private and Public Resources
4) Dimensions other than Income
5) Capabilities

Question 3

Inequality Axioms

Answer 3

1) Anonymity
2) Population
3) Scale Invariance
4) Pigou-Dalton

Question 4

Issues in Measuring Poverty

Answer 4

1) Finding the Poverty Line
2) Debate about the Poverty line
3) Temporary or Chronic
4) Households or Individuals
5) Multidimensional Poverty

Question 5

Poverty Axioms

Answer 5

1) Focus
2) Monotonicity
3) Transfer
4) Decomposability

Question 6

Methods for setting Poverty line

Answer 6

1) Food Energy Intake Method

2) Cost basic Needs Method

Question 7

Inequality Measures

Answer 7

1) Range
2) Variance
3) Coefficient of Variance
4) Gini

Question 8

Poverty Measures

Answer 8

1) HCR
2) PGR
3) FGT

Question 9

Within Basic Statistics, what does median of Distribution show?

Answer 9

Median income

Question 10

Within Basic Statistics, what does Spread of Distribution show?

Answer 10

Inequality

Question 11

Within Basic Statistics, what does skewness of Distribution show?

Answer 11

Asymmetry

Question 12

Within Basic Statistics, what does mode of Distribution show?

Answer 12

Level of income with largest density

Question 13

Within Basic Statistics, what is CDF?

Answer 13

Proportion of population whose income falls below a given level

Question 14

Within Basic Statistics, what is QF?

Answer 14

Level of income below which the income of a given proportion fell

Question 15

What is the lorenz criterion?

Answer 15

Lorenz dominance implies a higher gini, but not vice versa

Question 16

What is Lorenz dominance?

Answer 16

When a lorenz curve is to the right or equal to every point of another

Question 17

What does the elephant curve show?

Answer 17

1) The Very rich and middle class are the winners

2) 75th-90th percentile and bottom 5% are losers

Question 18

Why does concept 2 show a fall when concept 1 doesn’t?

Answer 18

China and India impact

Question 19

In 2000, what takes higher percentage of the composition of global inequality?

Answer 19

Location

Question 20

How is FEI poverty line calculated

Answer 20

Average income of households attaining the calorie intake regressed against consumption expenditure