The proportion of the population below the poverty line is called the poverty ratio or ______________________
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. headcount ratio.
- The proportion of the population below the poverty line is called the poverty ratio or poverty headcount ratio.
- This ratio is used to measure the percentage of the population living below the poverty line, which is typically defined by a specific income or consumption threshold. It is an important indicator for understanding the extent of poverty within a country or region.