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1. What is the poverty line? Where would a development economist say it should come from? Describe the using, for example, 2000 calories/day as a
1. What is the poverty line? Where would a development economist say it should come from? Describe the using, for example, 2000 calories/day as a poverty line versus the 'revealed preference method' for determining poverty line by Jensen and Miller. 2. Is the "poverty headcount" the best index of the extent of poverty? Why or why not? 3. Make sure to understand what each of these means and how to calculate it: The poverty headcount, the poverty gap (depth), the poverty gap-squared (severity). Also make to calculate those if given data. 4. What is a multidimensional measure of poverty? What does it consist of? 5. What is a "poverty trap?" 6. What are "poverty dynamics" and why are they important
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