Which method of assessing poverty looks at the cost of purchasing a set group of products that would give a modest standard of living?
A) Low Income Cut-offs
B) Low Income Measure
C) Market Basket Measure
D) GDP per capita

Question

Quizplus · Accepted Answer

The Market Basket Measure is a method of assessing poverty that looks at the cost of purchasing a set group of products that would give a modest standard of living. The Low Income Cut-offs and Low Income Measure focus on income levels and do not take into account the cost of living. GDP per capita measures the overall economic output of a country and does not directly relate to poverty levels.

Which Method of Assessing Poverty Looks at the Cost of Purchasing