The Ahluwalia-Chenery Welfare Index
A)is a method used to measure changes in absolute poverty.
B)shows the value judgement implications of using the change in income per capita as a measure of the change in development.
C)is a method used to measure changes in inequality.
D) is a method used to measure the growth rate of GDP.

Question

Quizplus · Accepted Answer

The Ahluwalia-Chenery Welfare Index serves as a measure to evaluate the value judgement implications of utilizing the change in per capita income as a measure of development. It focuses on other dimensions of welfare, including inequality, and can offer a more comprehensive evaluation of development progress. Although poverty reduction is a critical aspect of development, it is not the primary function of this indicator.