Statistics Canada's "Low-Income Cut-Off" (LICO) is based on the percentage of income that any individual or family spends on specific aspects of daily life.What aspects of daily life is the LICO based on?
A)food, clothing, and shelter
B)transportation and health care
C)recreation and grooming
D)utilities, rent, and transportation

Question

Quizplus · Accepted Answer

The LICO is based on the percentage of income that any individual or family spends on necessities such as food, clothing, and shelter.

Statistics Canada's "Low-Income Cut-Off" (LICO) Is Based on the Percentage