In Canada, a tool is used to represent the income level at which a family may face

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In Canada, a tool is used to represent the income level at which a family may face hardship because it must spend a greater proportion of its income on food, shelter, and clothing than the average family of similar size. What is this tool called?

Gini index

Low-income cut-off (LICO)

Market basket measure (MBM)

Low-income measure (LIM)

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Jan 19, 2024 06:52 AM

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In Canada, a tool is used to represent the income level at which a family may face

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