Question

A family with disposable income less than the MBM threshold for the community/population would be considered low income?

1) True
2) False

Answer 1

A family with disposable income less than the MBM threshold for the community or population would be considered low income.

Step-by-step explanation:

In the context of poverty, a family with disposable income lower than the MBM (Market Basket Measure) threshold for the community or population would be considered low income. Therefore, the statement that a family with disposable income less than the MBM threshold would be considered low income is True.

The MBM is a measure used in Canada to determine low income. It calculates the cost of a basket of goods and services deemed essential for a typical Canadian household, including food, clothing, shelter, transportation, and other basic necessities. If a family's income falls below this threshold, they are considered to be living in low income.

For example, if a family of three earned $20,000 and the MBM threshold for their community was $25,000, they would be considered low income based on the MBM measure.