PPP-adjustment:
A. gives us a realistic sense of how the living standards of the world's poorest citizens translate into dollar terms.
B. allows us to see that poorer countries are not quite so poor as suggested by their nominal GDP per capita.
C. gives us a more realistic sense of differences in living standards around the world.
D. All of these statements are true.
Answer: D
You might also like to view...
As price is lowered from a point higher than the equilibrium price, it will bring about
a. an increase in demand. b. a decrease in supply. c. an increase in quantity demanded. d. an increase in supply.
China has a larger population than India and is expected to be the most populous nation in the world throughout the twenty-first century
Indicate whether the statement is true or false
There are several motives for holding assets in the form of money. What are they? Provide an example of each
An import quota on a product normally does all of the following except
a. reduces the volume of that product traded. b. raises the price in the importing country. c. increases the price everywhere. d. reduces the price in the exporting country.