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1. Suppose the poverty line is calculated using the 'Cost of Basic Needs' approach. Calculate...

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1. Suppose the poverty line is calculated using the 'Cost of Basic Needs' approach. Calculate the monthly poverty line for each year based on the following data from rural Bangladesh: Rural Non-food CPI 1983/4 1985/6 1988/9 1991/2 Per Capita Daily Expenditure on Food (at the Food poverty line) 6.64 7.80 9.15 10.92 100 122.44 150.40 203.54 Assume that only for 1983/4 non-food basic needs expenditure is 35% of the food basic expenditure and a month consists of 30 days. [25 marks] 1. Suppose the poverty line is calculated using the 'Cost of Basic Needs' approach. Calculate the monthly poverty line for each year based on the following data from rural Bangladesh: Rural Non-food CPI 1983/4 1985/6 1988/9 1991/2 Per Capita Daily Expenditure on Food (at the Food poverty line) 6.64 7.80 9.15 10.92 100 122.44 150.40 203.54 Assume that only for 1983/4 non-food basic needs expenditure is 35% of the food basic expenditure and a month consists of 30 days. [25 marks]

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