To calculate which Canadians are living in low income,the Government of Canada uses statistical measuring devices.Which of the following describes an absolute measure of poverty?

Question

Quizplus · Accepted Answer

The market basket measure (MBM) is an absolute measure of poverty, which calculates the cost of a basket of goods and services necessary for a family to achieve a modest standard of living in a specific geographic location. The other three options are relative measures of poverty. The low-income measure (LIM) calculates the number of people living on less than half the median income, while the low-income cut-offs (LICOs) determine the income threshold below which a family will likely spend a higher proportion of its income on food, shelter and clothing. Persistence of poverty (POP) refers to individuals who experience multiple periods of low income over time.

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