Choose given statement True/False:

Income and consumption levels are used to measure poverty.

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True

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answer is A.

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Detailed Solution

The above statement is true.
The method generally used to measure poverty is income and consumption levels. There is a minimum standard level of income and consumption, and failing to reach this level categorises a person as poor. This minimum level is necessary to fulfil basic needs and is called the poverty line. It varies with time and place. The poverty line varies in different countries and different time zones. For example, owning a vehicle may be a basic need in the United States, but it is still considered a luxury and not a basic need in India. Poverty ratios are not the same. They vary a lot among countries.

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