Which of the following methods measures poverty on the basis of income and consumption levels?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Poverty line.
- The method that measures poverty based on income and consumption levels is known as the poverty line.
- This benchmark defines the minimum income or consumption required to meet basic needs, allowing for the identification of individuals or households living below this threshold, thereby assessing poverty levels in a population.