Measuring Poverty and Inequality

According to Eskelinen (2011), absolute poverty, defined using a universal baseline, includes the following except:

• food and water

• basic education

• basic medical care

• clothing and allowances

A person is relatively poor when

• she belongs to the world's 1/3 poor and her total worth wealth equals the wealth of the world's richest 1%

• she is Master Teacher 3 in Surigao (one of the country's 20 poorest provinces) and lives in a bungalow with concrete walls, a refrigerator, cable TV, and a flush toilet

• she is a trust fund in the United States, a friend of Taylor Swift, and fails to secure Coachella tickets

• she is an African American from the Bronx who sleeps in the subway

Negative income is characterised by all but the following

• Welfare states subsidising the expenses of the poorer of the poor

• Welfare states that tax citizens according to their income

• Welfare states that respect free market policies yet regulate taxation by providing tax shelters for corporations and other profit oriented institutions

• Welfare states that redistribute the wealth of high income and landed citizens among the people equitably

Corrado Gini's coefficient measures inequality by measuring the cumulative proportion of the population and

• the cumulative proportion of gross domestic product

• the cumulative proportion of gross national product

• the cumulative proportion of per capita income

• the cumulative proportion of realistic elasticity

Therefore, a Gini coefficient looks at that proportion of the population's ___________ by measuring perfect equality of income against the _______ curve.

• expenditure/Palma

• production/Palma

• income/Lorenz

• production/Lorenz

Which ratio/index shows hypersensitivity to redistribution of wealth among the world's peoples?

• Palma ratio

• Gini index

• Lorenz curve

• Corrado proportion

In the SWS self-rating poverty survey in 2018, shows that

• an average annual income per capita of 22,000 is considered middle class

• an average family of five that lives on 10,000/week would mean that 9/10 Filipinos are poor

• The Philippines poverty index on the world global scale shows that 5/10 Filipinos are in the global middle class

• half of the population that helps feed the population are fisherfolk and poor

According to Ernesto Pernia in “Bawal ang Pasaway,” the Family Income and Expenditure Survey

• is to be conducted every six years (once every presidential cycle)

• is to be conducted every four years (like the Olympics)

• is to be conducted every two years (like the World Cup)

• is conducted annually as a gauge of expenditure index

The 2020 Lebron 18's are comparable to

• middle class income threshold (16k and above)

• measure of self-rated poverty (42 million people)

• absolute poverty for one who does not possess a pair

• relative poverty for one who does not possess a pair