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Questions and Answers
What is the definition of generational poverty?
What is the definition of generational poverty?
Which type of poverty is generally caused by a crisis or loss and is often temporary?
Which type of poverty is generally caused by a crisis or loss and is often temporary?
According to Eric Jensen, what does poverty result from?
According to Eric Jensen, what does poverty result from?
What is absolute poverty characterized by?
What is absolute poverty characterized by?
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Which type of poverty involves families focusing on day-to-day survival?
Which type of poverty involves families focusing on day-to-day survival?
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What is the Solow Model used for measuring?
What is the Solow Model used for measuring?
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What is rural poverty?
What is rural poverty?
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What is one of the characteristics of urban poverty?
What is one of the characteristics of urban poverty?
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What is relative poverty?
What is relative poverty?
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What is a poverty trap?
What is a poverty trap?
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What is an example of an economic poverty trap?
What is an example of an economic poverty trap?
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What characterizes a human capital poverty trap?
What characterizes a human capital poverty trap?
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What is a geographical poverty trap related to?
What is a geographical poverty trap related to?
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What characterizes a social poverty trap?
What characterizes a social poverty trap?
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What does the Solow model analyze?
What does the Solow model analyze?
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What does Gross National Product measure?
What does Gross National Product measure?
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Which factor impacts economic development by expanding the labor force?
Which factor impacts economic development by expanding the labor force?
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What does the Human Development Index measure?
What does the Human Development Index measure?
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What does urbanization measure?
What does urbanization measure?
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What type of poverty is characterized by a lack of basic food, clean water, shelter, and healthcare?
What type of poverty is characterized by a lack of basic food, clean water, shelter, and healthcare?
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Which type of poverty involves families focusing on day-to-day survival?
Which type of poverty involves families focusing on day-to-day survival?
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What type of poverty is caused by sudden crises or disasters and is often temporary if able to recover?
What type of poverty is caused by sudden crises or disasters and is often temporary if able to recover?
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Which type of poverty is characterized by income lower than the overall community standard?
Which type of poverty is characterized by income lower than the overall community standard?
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What type of poverty affects remote areas with limited infrastructure and reduced access to transportation, utilities, and healthcare?
What type of poverty affects remote areas with limited infrastructure and reduced access to transportation, utilities, and healthcare?
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Which type of poverty affects marginalized areas in cities and involves inadequate affordable housing, sanitation, and schooling?
Which type of poverty affects marginalized areas in cities and involves inadequate affordable housing, sanitation, and schooling?
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What is the term for self-reinforcing cycles that make poverty persistent due to discrimination, lack of social protection, and access to credit/capital?
What is the term for self-reinforcing cycles that make poverty persistent due to discrimination, lack of social protection, and access to credit/capital?
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Which type of poverty is passed down from generation to generation due to systemic inequality and lack of opportunity?
Which type of poverty is passed down from generation to generation due to systemic inequality and lack of opportunity?
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What characterizes a geographical poverty trap related to?
What characterizes a geographical poverty trap related to?
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What type of poverty has been defined in terms of minimum calorie intake in some contexts?
What type of poverty has been defined in terms of minimum calorie intake in some contexts?
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Study Notes
Types of Poverty
- Generational poverty: passed down from generation to generation due to systemic inequality and lack of opportunity.
- Situational poverty: caused by a crisis or loss and is often temporary.
- Absolute poverty: characterized by a lack of basic necessities such as food, clean water, shelter, and healthcare.
- Relative poverty: characterized by income lower than the overall community standard.
- Rural poverty: affects remote areas with limited infrastructure and reduced access to transportation, utilities, and healthcare.
- Urban poverty: affects marginalized areas in cities and involves inadequate affordable housing, sanitation, and schooling.
Poverty Traps
- Poverty trap: self-reinforcing cycles that make poverty persistent due to discrimination, lack of social protection, and access to credit/capital.
- Economic poverty trap: example is when a country's economy is stuck in a cycle of poverty due to lack of investment in human capital.
- Human capital poverty trap: characterized by lack of education, skills, and healthcare.
- Geographical poverty trap: related to lack of access to resources, infrastructure, and opportunities due to remote location.
Economic Development
- Solow Model: used to measure economic growth and development.
- Gross National Product (GNP): measures the total value of goods and services produced by a country's citizens.
- Human Development Index (HDI): measures a country's well-being by combining indicators of life expectancy, education, and income.
- Urbanization: measures the growth of cities and the movement of people from rural to urban areas.
Poverty and Inequality
- According to Eric Jensen, poverty results from a lack of access to resources, opportunities, and services.
- Situational poverty involves families focusing on day-to-day survival.
- Absolute poverty involves a lack of basic necessities such as food, clean water, shelter, and healthcare.
- Relative poverty is characterized by income lower than the overall community standard.
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Description
Test your knowledge on themes of poverty and inequality, including poverty traps, cross-country differences, macro models of economic development, and endogenous growth. Explore topics such as types of poverty, forms of poverty traps, poverty reduction strategies, measuring development with the Solow Model and the Human Development Index, and income inequality and growth with Lorenz Curve and GINI Coefficient assumptions.
