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Question 1

Market Basic Measure (MBM)

Answer 1

cost of a basket of goods that includes food, shelter, clothing, and other basic needs, accounting for regional variation

Question 2

Poverty line

Answer 2

when 70% of family income is spent on food, clothing and shelter

Question 3

Three factors influence the impact of poverty

Answer 3

1. Depth - amount a family or individual income is below the poverty line
2. Breadth - other aspects associated with poverty (e.g., illiteracy, poor health, physical insecurity)
3. Duration: how long poverty las

Question 4

2 Effects of poverty

Answer 4

• food insecurity

- homelessness

Question 5

What can be done to eradicate and prevent poverty?

Answer 5

Provide people with adequate income

How?
1. Create jobs: Best form of social security is to have a job and support oneself
2. Raise wages: Raising the minimum wage would reduce poverty
3. Increase social assistance: Some people wish to provide an
adequate income through direct grants
4. Support families with children: A higher child benefit, coupled with a higher minimum wage, can lift families out of poverty

Question 6

Absolute poverty

Answer 6

lacking the minimum basic requirements
necessary for physical survival