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1. Suppose the poverty line is calculated using the 'Cost of Basic Needs' approach. Calculate the monthly poverty line for each year based on the
1. Suppose the poverty line is calculated using the 'Cost of Basic Needs' approach. Calculate the monthly poverty line for each year based on the following data from rural Bangladesh: Rural Non-food CPI 1983/4 1985/6 1988/9 1991/2 Per Capita Daily Expenditure on Food (at the Food poverty line) 6.64 7.80 9.15 10.92 100 122.44 150.40 203.54 Assume that only for 1983/4 non-food basic needs expenditure is 35% of the food basic expenditure and a month consists of 30 days. [25 marks] 1. Suppose the poverty line is calculated using the 'Cost of Basic Needs' approach. Calculate the monthly poverty line for each year based on the following data from rural Bangladesh: Rural Non-food CPI 1983/4 1985/6 1988/9 1991/2 Per Capita Daily Expenditure on Food (at the Food poverty line) 6.64 7.80 9.15 10.92 100 122.44 150.40 203.54 Assume that only for 1983/4 non-food basic needs expenditure is 35% of the food basic expenditure and a month consists of 30 days. [25 marks]
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