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Difficulty: EasyPoverty Estimation, Inequality Metrics, and Inclusive Growth Strategies

In a region with a total population of 500,000500,000, a socio-economic survey revealed that 75,00075,000 individuals live below the officially designated poverty line. What is the Head Count Ratio (HCR) of poverty in this region, expressed as a percentage?

Answer: 15 %

Answer

The Head Count Ratio (HCR) of poverty in this region is 15%.
The Head Count Ratio (HCR) quantifies the proportion of a population that falls below the poverty line. By dividing the number of poor individuals (75,000) by the total population (500,000) and multiplying by 100, we get 15%.

Step-by-Step Solution

1
Identify the given values from the survey data
Total population (PP) = 500,000; Population below the poverty line (NpN_p) = 75,000
These inputs represent the total population sample and the sub-group living in absolute poverty.
2
Apply the Head Count Ratio formula for poverty measurement
HCR=(NpP)×100HCR = \left(\frac{N_p}{P}\right) \times 100
The Head Count Ratio measures the proportion of the total population living below the poverty threshold.
3
Calculate the numerical percentage
HCR=(75,000500,000)×100=15%HCR = \left(\frac{75,000}{500,000}\right) \times 100 = 15\%
Dividing 75,000 by 500,000 gives 0.15, which equals 15% when multiplied by 100.

Key Concept

Head Count Ratio (HCR) as a primary metric for measuring poverty incidence
Estimated Time:45s
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Topics

Poverty Estimation, Inequality Metrics, and Inclusive Growth Strategies