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n the following sample economy, we have 10 individuals and their income per day is as follows: $0.50, $1, $1.5, $2, $5, $7, $10, $15,
n the following sample economy, we have 10 individuals and their income per day is as follows:
$0.50, $1, $1.5, $2, $5, $7, $10, $15, $20, $100.
Suppose we use $1.90 as the poverty line, calculate:
(a) The number of poor people
(b) The headcount index
(c) Total Poverty gap
(d) Average Poverty gap
(e) Average Income Shortfall
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