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The Census Bureau determines poverty status by using an official poverty measure (OPM) that compares pre-tax cash income against a threshold that is set at three times the cost of a minimum food diet in 1963 and adjusted for family size.How does a country measure its poverty?
Most countries in the world measure their poverty using an absolute threshold, or in other words, a fixed standard of what households should be able to count on in order to meet their basic needs.What are the different concept and measurement of poverty?
What are the Different Concept and Measurement of Poverty? here are two types of poverty absolute poverty and relative poverty. Absolute poverty refers to inability of a section of population to achieve basic necessities of life. Relative poverty, on the other hand, refers to inequality in distribution of income and expenditure.How should we measure the poverty rate?
Poverty is measured in the United States by comparing a person's or family's income to a set poverty threshold or minimum amount of income needed to cover basic needs. People whose income falls under their threshold are considered poor. The U.S. Census Bureau is the government agency in charge of measuring poverty.