1. {L} Describe the three main sources of data in development and their relative strengths. 2. {8} Discuss the benets and drawbacks of using a consumption survey to measure poverty. 3. {8) What are the main challenges with setting a poverty line to measure the number of people living in extreme poverty. 4. {8) What is a price index? What are the most important challenges associatd with creating a price. index-for cross-country comparisons? 5. {8} Explain how real income is measured using a consumption survey and a price survey. 6. (L) How has extreme poverty evolved in the world over the last 30 years. What are the main measurement issues? 7". {8} What are the drawbacks in using GDP per capita as a measure of poverty? 8. {8) List some ways in which GDP per capita growth might underestimate or overestimate the growth in material well-being in the US over time. 9. {8) How is poverty measured in the United States? What are the advantages and drawbacks of this measure