Multiple Choice: The low income cut-off measure of poverty (LICO) is ________. Question 19 options: a) based on the percentage of income devoted to daily necessities, such as food, shelter, and clothing b) equivalent to poverty lines, according to Statistics Canada c) variable according to family size and geographical region d) based on the income needed to purchase an imaginary basket of market-priced goods and services e) the dollar amount which determines who is poor