If GNI adjusted for cost of living in China is about $13,000 while GNI adjusted for cost of living is about $56,000 in the United States, then
A. China enjoys a higher purchasing power parity.
B. Americans enjoy a higher standard of living
C. The U.S. economy is growing more steadily than China's economy.
D. China's economy is growing faster than the U.S. economy
E. China's standard of living should catch up to that of the United States in about four years.
Answer: B. Americans enjoy a higher standard of living
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