Which of the following is NOT a tool to understand poverty?
Answer & explanation
Correct answer: option 4
The correct answer is option 4: None of the above
Due to various limitations in the official estimation of poverty, scholars have attempted to find alternative methods. For instance, Amartya Sen, a noted Nobel Laureate, has developed an index known as Sen Index. There are other tools such as Poverty Gap Index and Squared Poverty Gap.