To assess low income, Statistics Canada has established a figure for the needs of one adult and proceeded on the assumption that family needs increase in proportion to the size of the family, with each additional adult increasing the family needs by 40 percent of the first adult and each additional child increasing the family's needs by 30 percent. What is this statistical tool called?

Question

Quizplus · Accepted Answer

The low-income measure (LIM) is a statistical tool used by Statistics Canada that adjusts for family size by assuming that family needs increase with each additional family member, with specific percentages for adults and children.

To Assess Low Income, Statistics Canada Has Established a Figure