Question 1 (pts): Use the following poverty indicatore wing poverty indicator equation (the Pa general class indicators), remembering the scalar vectors are as follows: a = 0 is the headcount ratio, a = 1 is poverty gap index, am is poverty gap index, and a = 2 is the severity of poverty. * * country, Paln, with the following table of individual incomes (representative of the population) Individual in Neshum Income (in LCU 48 (a) (6 pts) If the poverty threshold in Paln is 55, then calculate the incidence of poverty, poverty gap index, and severity of poverty. Circle you answers. (b) (1 pt) Assuming a perfect ability to identify the poor, how much money would be required in Paln to eradicate poverty using monetary transfers?

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