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Poverty Gap is:
the difference between poverty line and actual income levels of all those living below that line
gap between the rich and the poor
gap between developed nations and developing nations
gap in infrastructural facilities between developed and developing nations
The poverty gap is the ratio by which the mean income of the poor falls below the poverty line. The poverty line is defined as half the median household income of the total population. The poverty gap helps refine the poverty rate by providing an indication of the poverty level in a country.
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