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If the poverty line is $16,000 for a family of four and the US has 100...

If the poverty line is $16,000 for a family of four and the US has 100 million such families, with 25 million of these families having incomes of $12,000 and 75 million having incomes of $20,000. This means the poverty gap would be

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Answer #1

The poverty gap index is a measure of the intensity of poverty. It is defined as the average poverty gap in the population as a proportion of the poverty line.

It is calculated using the following formula.

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