Which of the following is a measurement for relative poverty that is used by international organizations?

Question

Quizplus · Accepted Answer

The Low-income measure (LIM) is a measurement for relative poverty that is used by international organizations. The LIM measures the percentage of individuals or households that fall below a certain income threshold (usually 50% or 60% of median income) in a given country or region. This measurement takes into account differences in income distribution across countries and is therefore more suitable for international comparisons than absolute poverty measures, such as the Low-income cut-off (LICO) or the Market basket measure (MBM). Welfare state is not a measurement for poverty, rather it refers to the extent to which a government provides social programs and services to its citizens.

Which of the Following Is a Measurement for Relative Poverty