Imagine there are two countries each comprised of three people. In country A, the daily expenditure...
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Imagine there are two countries each comprised of three people. In country A, the daily expenditure (consumption) in USD of its three citizens is: $1, $3, and $4.5. In country B the daily expenditure is $1.2, $8, and $15. a) Using a poverty line of $1.9 per day, what is the poverty headcount ratio in each country? b) Using a poverty line of $3.2 per day, what is the poverty headcount ratio in each country? c) Using a poverty line of $1.9 what is the Foster-Geer-Thorbecke severity of poverty measure for each country? d) Using a poverty line of $3.2 what is the Foster-Geer-Thorbecke severity of poverty measure for each country? e) What is average per capita consumption in each country? f) Based on your calculations above, which country has a worse poverty problem? Explain your answer. Imagine there are two countries each comprised of three people. In country A, the daily expenditure (consumption) in USD of its three citizens is: $1, $3, and $4.5. In country B the daily expenditure is $1.2, $8, and $15. a) Using a poverty line of $1.9 per day, what is the poverty headcount ratio in each country? b) Using a poverty line of $3.2 per day, what is the poverty headcount ratio in each country? c) Using a poverty line of $1.9 what is the Foster-Geer-Thorbecke severity of poverty measure for each country? d) Using a poverty line of $3.2 what is the Foster-Geer-Thorbecke severity of poverty measure for each country? e) What is average per capita consumption in each country? f) Based on your calculations above, which country has a worse poverty problem? Explain your answer.
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Answer rating: 100% (QA)
Explain your answer a The poverty headcount ratio in country A is 333 and in country B it is 667 b The poverty headcount ratio in country A is 0 and in country B it is 333 c The FosterGeerThorbecke se... View the full answer
Related Book For
Statistics For Engineering And The Sciences
ISBN: 9781498728850
6th Edition
Authors: William M. Mendenhall, Terry L. Sincich
Posted Date:
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