CA Foundation · Business Economics · Indian Economy
A village has 2,000 persons. In a survey, 440 are found to be below the poverty line. The poverty gap is not computed. What is the Head Count Ratio for the village?
The Head Count Ratio is 22%. It is the share of the population below the poverty line, calculated as 440 divided by 2,000, multiplied by 100. The figure of 44% arises from wrongly dividing by 1,000 rather than the full population of 2,000.
- A22%Correct
- B44%
- C18%
- D28%
Explanation
Head Count Ratio = (persons below poverty line / total population) × 100 = 440/2000 × 100 = 22%. Check: 22% of 2,000 = 440. The 44% option comes from a slip of dividing by 1,000 instead of 2,000.
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