Seminar 5

Exercise 1. Inequality and poverty

1. Explain what we mean by poverty and how it can be measured.
2. Compare and contrast measures of poverty, inequality, and miserliness
3. To study each of the following societal issues, which of the above mentioned measure would be most suitable
   1. Misery in a poor country
   2. Whether it is necessary that the global community helps a country to alleviate poverty
   3. Political instability due to tensions among rich and poor
   4. The possibility of the poor to benefit from redistribution
   5. The prevalence of poverty trap

Exercise 2. Evolution of inequality

Solve Part 3 of the Exam from 2015