The GDP per capita of a country is lower than that of france. if the GDP per capita of the country is adjusted for PPP, the country's revised GDP is higher than that of france. which of the following is most likely true about the country? a. cost of living in the country is higher than that of france b. the cost of living in the country is approximately equal to that of france c. the cost of living in the country has increased over the past decade d. the cost of living in the country is lower than that of france

Business · High School · Mon Jan 18 2021

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If the GDP per capita of a country is lower than that of France but, when adjusted for Purchasing Power Parity (PPP), the country's revised GDP is higher than that of France, it implies that:

d. The cost of living in the country is lower than that of France.

Purchasing Power Parity (PPP) adjustments take into account the differences in the cost of living between countries. If the country's GDP per capita increases when adjusted for PPP, it means that the country's lower nominal GDP per capita is due, at least in part to a lower cost of living compared to France.






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