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

Question 3

Multiple Choice

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

Correct Answer:

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