What does the Canadian poverty rate measure?

Question

Quizplus · Accepted Answer

The Canadian poverty rate measures the percentage of people whose income falls below an identified income standard. This income standard is set by Statistics Canada's Low Income Measure (LIM), which is based on the percentage of people living below half the median income in Canada. The LIM is calculated annually and takes into account family size, location, and age of household members. Therefore, option D is the correct answer. Options A and B are specific income thresholds used to determine eligibility for certain government programs, but they do not fully capture the poverty rate. Option C is incorrect as it measures government expenditures rather than the poverty rate itself.

What Does the Canadian Poverty Rate Measure