What is meant by absolute versus relative poverty? What measures of income poverty are favored by development economists? How do income poverty measures differ from the UNDP’s Multidimensional Poverty...

What is meant by absolute versus relative poverty? What measures of income poverty are favored by development economists? How do income poverty measures differ from the UNDP’s Multidimensional Poverty Index? Explain why should we be concerned with the measurement of poverty in developing nations!