Using the cost of a similar market basket of goods across countries to compare an economic variable like gross national income applies the concept of
A. private equity financing.
B. the Gini Index.
C. purchasing power parity.
D. the Heritage Foundation Index of Economic Freedom.
Answer: C
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Which area in the above figure shows the producer surplus at the price and quantity that would be attained if the industry were perfectly competitive?
A) A + B + C + D + E B) C + D + E + F + G + H C) F + G + H D) F + G + H + I + J + K
Marginal benefit is the benefit that your activity provides to someone else
Indicate whether the statement is true or false
Which of the following is one component of the "trilemma" that is faced by policy makers in choosing monetary arrangements?
A) exchange rate stability B) restrictions on international capital movements C) tariffs and subsidies D) restrictions on the migration of labor E) global inflation
An increase in the inflation rate will lead to a ________ nominal interest rate, which will ________ the debt-to-GDP ratio
A) higher; raise B) higher; reduce C) lower; raise D) lower; reduce