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Consider the following statements regarding Multidimensional Poverty Index (MPI).
- Multidimensional Poverty Index (MPI) is released by World Bank.
- The global MPI constructs on indicators spanning health, education and standard of living.
- The MPI ranges from 0 to 1, and higher values imply higher poverty.
Which of the above statements is/are correct?
- a)1, 2
- b)2 only
- c)2, 3
- d)1, 3
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding Multidimensional Poverty I...
The correct answer is option 'C', i.e., statements 2 and 3 are correct.
Explanation:
1. Multidimensional Poverty Index (MPI) is released by World Bank:
This statement is incorrect. The Multidimensional Poverty Index (MPI) is not released by the World Bank. It is released by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI).
2. The global MPI constructs on indicators spanning health, education, and standard of living:
This statement is correct. The Multidimensional Poverty Index (MPI) is a measure of poverty that takes into account multiple dimensions of deprivation. It considers indicators related to health, education, and standard of living. These dimensions help in providing a comprehensive understanding of poverty beyond just income or monetary measures.
3. The MPI ranges from 0 to 1, and higher values imply higher poverty:
This statement is correct. The Multidimensional Poverty Index (MPI) is calculated on a scale of 0 to 1. A value closer to 1 indicates a higher level of poverty, while a value closer to 0 indicates a lower level of poverty. The MPI is based on the percentage of people who are deprived in multiple dimensions, and the higher the percentage, the higher the poverty level.
The Multidimensional Poverty Index (MPI) provides a more holistic and multidimensional approach to measuring poverty compared to traditional income-based measures. It helps in identifying the various dimensions in which individuals and communities are deprived and targeting specific areas for intervention and development policies. The MPI is widely used to track progress in reducing poverty and to inform policy decisions aimed at improving the well-being of marginalized and vulnerable populations.
Explanation:
1. Multidimensional Poverty Index (MPI) is released by World Bank:
This statement is incorrect. The Multidimensional Poverty Index (MPI) is not released by the World Bank. It is released by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI).
2. The global MPI constructs on indicators spanning health, education, and standard of living:
This statement is correct. The Multidimensional Poverty Index (MPI) is a measure of poverty that takes into account multiple dimensions of deprivation. It considers indicators related to health, education, and standard of living. These dimensions help in providing a comprehensive understanding of poverty beyond just income or monetary measures.
3. The MPI ranges from 0 to 1, and higher values imply higher poverty:
This statement is correct. The Multidimensional Poverty Index (MPI) is calculated on a scale of 0 to 1. A value closer to 1 indicates a higher level of poverty, while a value closer to 0 indicates a lower level of poverty. The MPI is based on the percentage of people who are deprived in multiple dimensions, and the higher the percentage, the higher the poverty level.
The Multidimensional Poverty Index (MPI) provides a more holistic and multidimensional approach to measuring poverty compared to traditional income-based measures. It helps in identifying the various dimensions in which individuals and communities are deprived and targeting specific areas for intervention and development policies. The MPI is widely used to track progress in reducing poverty and to inform policy decisions aimed at improving the well-being of marginalized and vulnerable populations.
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Community Answer
Consider the following statements regarding Multidimensional Poverty I...
Multidimensional Poverty Index (MPI):
- The report produced by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI).
- The global MPI constructs a deprivation profile of each household and person through 10 indicators spanning health, education and standard of living. All indicators are equally weighted within each dimension. The global MPI identifies people as multidimensionally poor if their deprivation score is 1/3 or higher.
- The MPI is calculated by multiplying the incidence of poverty and the average intensity of poverty. The MPI ranges from 0 to 1, and higher values imply higher poverty.
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Consider the following statements regarding Multidimensional Poverty Index (MPI). Multidimensional Poverty Index (MPI) is released by World Bank. The global MPI constructs on indicators spanning health, education and standard of living. The MPI ranges from 0 to 1, and higher values imply higher poverty.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 3Correct answer is option 'C'. Can you explain this answer?
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