When We Use PPP We Can Make Valid International Comparisons

question 38

Multiple Choice

When we use PPP we can make valid international comparisons of real GDP because we

• A)use data provided by the IMF.
• B)calculate the value of goods and services produced in two countries using the same quantities.
• C)use the price data provided by the two countries but not the quantities.
• D)calculate the value of goods and services produced in two countries using the same prices.
• E)use official government data.

---

Definitions:

Career Choice

Career choice involves selecting a profession based on one's interests, values, and skills, considering long-term goals and job satisfaction.

Personal Responsibilities

The obligations or duties an individual perceives as incumbent upon themselves, encompassing aspects of personal ethics, accountability, and self-management.

Beliefs

Deeply-held convictions or acceptances that something is true or exists, often forming the basis of attitudes and behaviors.

Specific Groups

Particular sets of individuals categorized by shared characteristics or interests.