Inequality and Poverty

They can vary depending on who sets them relative

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Unformatted text preview: lies to the left of the line is “poor” A threshold level of income, consumption, nutrition or other measure of well- being below which an individual is deemed to be poor (pragmatic) Good comparisons for people across countries and a way to hold your policymakers accountable for their actions Advantage: simple, transparent, easy to understand, same standard for everyone Disadvantage: too arbitrary, too “binary” Two types of poverty lines: Absolute (example: $1 a day) Developing countries tend to be absolute, Absolute poverty lines aren’t quite “absolute” though ! they can vary...
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This document was uploaded on 03/28/2014 for the course INAF 252 at Georgetown.

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