Which of the following statements are correct about the Total Poverty Gap (TPG?

Previouly Asked

MPSC Rajyaseva Prelims 2022 (21 Aug 2022) (GS) Paper-I Exam


Which of the following statements are correct about the Total Poverty Gap (TPG)?


  1. TPG measures the total amount of income necessary to raise everyone below the poverty line up to that line.
  2. TPG is the number of those whose incomes fall below absolute poverty line.
  3. TPG measures the share of total national income that each factor of production receives.
  4. TPG measures the relative degree of income inequality in a country.


Solution

Answer - TPG measures the total amount of income necessary to raise everyone below the poverty line up to that line.

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