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What is the Multidimensional Poverty Index and how is it a more improved measure of poverty? Consider the following distribution of income in a 12person

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What is the Multidimensional Poverty Index and how is it a more improved measure of poverty? Consider the following distribution of income in a 12person economy, with the modern urban wage = 3, the traditional rural income = l, and the informal urban wage = 2: (1,1,1,1,2,2,2,2,3,3,3,3). The poverty line = 1.25. Suppose rural incomes are raised to 1.5 through expanded agricultural exports. What happens to relative inequality? Absolute poverty? Calculate the AhluwaliaChenery welfare index for terciles (3 actiles) under GNI weights and equal weights. Why is the equal-weighted index higher

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