What is meant by absolute poverty


Problem

Distinguish between size and functional distributions of income in a nation. Which do you conclude is the more appropriate concept? Explain your answer? What is meant by absolute poverty? What measures of income poverty are favored by development economists? How do income poverty measures differ from the UNDP's Multidimensional Poverty Index? Why should we be concerned with the measurement of poverty in developing nations?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: What is meant by absolute poverty
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