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max 150 words to go with the maths 1. Suppose the poverty line is calculated using the 'Cost of Basic Needs' approach. Calculate the monthly
max 150 words to go with the maths
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: Per Capita Daily Rural Non-food CPI Expenditure on Food (at the Food poverty line) 1983/84 6.64 100 1985/86 7.80 122.44 1988/89 9.15 150.40 1991/92 10.92 203.54 Assume that only for 1983/84 non-food basic needs expenditure is 35% of the food basic expenditure and a month consists of 30 days. 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: Per Capita Daily Rural Non-food CPI Expenditure on Food (at the Food poverty line) 1983/84 6.64 100 1985/86 7.80 122.44 1988/89 9.15 150.40 1991/92 10.92 203.54 Assume that only for 1983/84 non-food basic needs expenditure is 35% of the food basic expenditure and a month consists of 30 daysStep by Step Solution
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