In 2017, If the PPP Per Capita of China Was

question 14

Multiple Choice

In 2017, if the PPP per capita of China was $16,760 and the PPP per capita of the United States was $60,200, this means that the

• A) GNI per capita was greater in China.
• B) percent of goods and services consumed in the United States was lower.
• C) standard of living in China was better.
• D) cost of living was lower in China.
• E) annual average GDP growth rate was lower in China.

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Definitions:

Macaulay Duration

A measure of the weighted average time until a bond's cash flows are repaid, used in assessing interest rate risk.

Future Value

The value of an asset or cash at a specified date in the future that is equivalent in value to a specified sum today, taking into account various factors like interest or returns.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Coupon Rate

The annual interest rate paid by a bond, expressed as a percentage of the bond's face value.