The Multi-dimensional Poverty Index developed by Oxford Poverty and Human Development Initiative with UNDP support covers which of the following? 1. Deprivation of education, health, assets and services at the household level 2. Purchasing power parity at the national level 3. The extent of the budget deficit and GDP growth rate at the national level Select the correct answer using the codes given below:

Question

GSEasyPrelims 2012Social Issues & Schemes

The Multi-dimensional Poverty Index developed by Oxford Poverty and Human Development Initiative with UNDP support covers which of the following?

Deprivation of education, health, assets and services at the household level
Purchasing power parity at the national level
The extent of the budget deficit and GDP growth rate at the national level

Select the correct answer using the codes given below:

Explanation

Statement 1 is Correct: The Multidimensional Poverty Index (MPI) identifies multiple deprivations at the household and individual level across three dimensions: Health, Education, and Standard of Living. It specifically measures indicators such as nutrition, child mortality, years of schooling, school attendance, and access to assets and services like cooking fuel, sanitation, drinking water, electricity, and housing.

Statement 2 is Incorrect: Purchasing Power Parity (PPP) is a macroeconomic metric used to compare economic productivity and standards of living between different countries based on relative prices. It is not an indicator used in the calculation of the MPI.

Statement 3 is Incorrect: Budget deficit and GDP growth rate are national-level macroeconomic indicators that reflect a country's fiscal health and economic expansion. The MPI focuses on micro-level deprivations experienced by individuals or households rather than national economic performance metrics.