Asked by Karely Adameee on May 15, 2024
Verified
Which of the following is taken into consideration when calculating the low-income cutoff in Canada?
A) size of community
B) size of the federal budget
C) size of the provincial budget
D) the number of persons applying for assistance relative to the amount of funding available
Low-income Cutoff
A threshold used to identify individuals or families who devote a significantly higher portion of their income to basic necessities than the average household.
Size of Community
Refers to the physical dimensions or population numbers characterizing a community, which can influence its social dynamics, resources, and cohesion.
- Appreciate the effects of governmental policies and taxation on the distribution of wealth among different income groups.
Verified Answer
DC
Danny CheekMay 19, 2024
Final Answer :
A
Explanation :
The low-income cutoff in Canada considers the size of the community, among other factors, to determine the income threshold below which a family is likely to spend significantly more of its income on necessities such as food, clothing, and housing than the average family.
Learning Objectives
- Appreciate the effects of governmental policies and taxation on the distribution of wealth among different income groups.
Related questions
The Following Figures Are Income Shares of the Lowest Quintiles ...
The Gini Coefficient for North American Countries Is Between 0 ...
How Do Government Programs Affect the Distribution of Income in ...
When Taxes and Transfer Payments Are Taken into Account, the ...
The Crowding of Women and Minorities into a Restricted Number ...