To calculate which Canadians are living in low income,the Government of Canada uses statistical measuring devices.Which of the following describe relative measures of poverty?

Question

Quizplus · Accepted Answer

Both the low-income measure (LIM) and the low-income cut-offs (LICOs) are relative measures of poverty. LIM measures the number of people who earn less than half of the median household income, while LICOs measure the percentage of income that households spend on basic necessities such as food, shelter, and clothing. The market basket measure (MBM) is an absolute measure of poverty, which calculates the minimum cost for a basket of goods and services that a household needs to meet their basic needs, while persistence of poverty (POP) measures the depth and duration of poverty over time.

To Calculate Which Canadians Are Living in Low Income,the Government