Question
Microeconomics Question on Consumer theory
Monthly per capita consumption expenditure (MPCE) of 10 households in a region is given below.
| Households | H1 | H2 | H3 | H4 | H5 | H6 | H7 | H8 | H9 | H10 |
|---|---|---|---|---|---|---|---|---|---|---|
| MPCE(in Rs.) | 2800 | 3000 | 1200 | 3500 | 1400 | 2500 | 4000 | 1000 | 900 | 1300 |
Assuming the poverty cutoff (Z) of MPCE to be Rs. 2000, the squared poverty gap ratio is _______(round off to 3 decimal places)
Answer
The correct answer is: 0.092 or 0.093 (approx.)