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 household level 2. Purchasing power parity at nat

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Q: 57 (IAS/2012)
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 household level
2. Purchasing power parity at national level
3. Extent of budget deficit and GDP growth rate at national level
Select the correct answer using the codes given below:

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,140,113,140,22,20,71

keywords: 

{'oxford poverty': [0, 0, 0, 1], 'deprivation': [0, 0, 0, 2], 'undp support': [0, 0, 0, 1], 'gdp growth rate': [0, 0, 0, 1], 'household level': [0, 0, 0, 1], 'national level': [0, 0, 1, 2], 'development initiative': [0, 0, 0, 1], 'power parity': [0, 0, 1, 1], 'education': [0, 0, 0, 1]}

The Multi-dimensional Poverty Index (MPI) is a measure of poverty that considers multiple dimensions of deprivation at the household level. It was developed by the Oxford Poverty and Human Development Initiative (OPHI) in collaboration with the United Nations Development Programme (UNDP).

The MPI identifies households that are deprived in different dimensions, such as health, education, and living standards, using a set of indicators for each dimension. For example, indicators for health could include child mortality and malnutrition, while indicators for education could include years of schooling and school attendance.

The index uses a weighted approach to measure poverty, taking into account the intensity and severity of deprivations across multiple dimensions. By doing so, the MPI provides a more comprehensive picture of poverty than traditional measures based solely on income or consumption.

The MPI is currently used by various governments and organizations around the world to measure and track poverty, and to design policies and interventions to reduce poverty and improve well-being.