Which of the Following Statements About the Comparison Between GDP

question 167

Multiple Choice

Which of the following statements about the comparison between GDP in China and in the United States is correct?

• A) Chinaʹs GDP per person is higher using purchasing power parity prices rather than the exchange rate when valuing Chinaʹs GDP in dollars.
• B) Using purchasing power parity prices to value Chinaʹs GDP in dollars shows that Chinaʹs GDP per person exceeds the GDP per person in the United States.
• C) Using the exchange rate to value Chinaʹs GDP in dollars shows that Chinaʹs GDP per person exceeds the GDP per person in the United States.
• D) None of the above answers are correct because they are all false statements.

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