Which statements are true? 1. Modern sector enlargement assures a better Lorenz Curve for a nation. 2. The average poverty gap measures the sum of the differences the income of each person from the absolute poverty line. 3. The multidimensional poverty index gives equal weight to all eight indicators. 4. The normalized income shortfall is a measure of income inequality. 5. When government’s intervention to poverty and income inequality are thoroughly planned, implemented and monitored, a nation is secured of achieving economic development.
Which statements are true? 1. Modern sector enlargement assures a better Lorenz Curve for a nation. 2. The average poverty gap measures the sum of the differences the income of each person from the absolute poverty line. 3. The multidimensional poverty index gives equal weight to all eight indicators. 4. The normalized income shortfall is a measure of income inequality. 5. When government’s intervention to poverty and income inequality are thoroughly planned, implemented and monitored, a nation is secured of achieving economic development.
Chapter15: The Distribution Of Income And Poverty
Section: Chapter Questions
Problem 2QP
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Which statements are true?
1. Modern sector enlargement assures a better Lorenz Curve for a nation.
2. The average poverty gap measures the sum of the differences the income of each person from the absolute poverty line.
3. The multidimensional poverty index gives equal weight to all eight indicators.
4. The normalized income shortfall is a measure of income inequality.
5. When government’s intervention to poverty and income inequality are thoroughly planned, implemented and monitored, a nation is secured of achieving economic development.
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