Which of the following is a measure of relative poverty?
A. Poverty line based on minimum calorie intake
B. Income share of the bottom quintile relative to the top
C. Absolute number of poor people
D. Percentage of population below a fixed income threshold
Answer: Option B
Solution (By JKSSB Mock Tests)
Relative poverty is measured in relation to the overall distribution of income in society, such as the income share of the poorest relative to the richest.
Explanation:
Sudden-stop models analyse the macroeconomic and financial consequences of large and abrupt reversals in capital inflows, which often trigger currency crises, credit contractions and sharp recessions.
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