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 household level
- Purchasing power parity at national level
- Extent of budget deficit and GDP growth rate at national level
Select the correct answer using the code given below:
- 1 only
- 2 and 3 only
- 1 and 3 only
- 1, 2 and 3
Explanation
Only option 1 is correct
- Global Multidimensional Poverty Index is a measure of multidimensional poverty covering 107 developing countries. It was first developed in 2010 by Oxford Poverty and Human Development Initiative (OPHI) and United Nations Development Programme (UNDP) for UNDP’s Human Development Reports.
- Global MPI uses three dimensions and ten indicators. All indicators are equally weighted within each dimension. The MPI ranges from 0 to 1, and higher values imply higher poverty.
- Statements 2 and 3 are incorrect because the Multidimensional Poverty Index (MPI) complements rather than including national-level Purchasing Power Parity (PPP) income measures and the MPI does not measure macroeconomic indicators such as budget deficits or GDP growth, focusing instead on household-level deprivations in health, education, and living standards.
