The measure that combines different life characteristics to determine what income a family will devote to the necessities of life is known as the
A) threshold matrix.
B) poverty index.
C) low-income cut-off.
D) income diversity scale.

Question

Quizplus · Accepted Answer

The low-income cut-off (LICO) is a measure used to determine the income level at which a family is likely to spend a larger portion of its income on necessities compared to the average family, thus indicating financial strain.

The Measure That Combines Different Life Characteristics to Determine What