If the Prices Used in Two Countries Are Exactly the Same

question 24

Multiple Choice

If the prices used in two countries are exactly the same, then a comparison of the per capita GDPs of the two countries provides:

• A)no insight into living standards.
• B)some insight into living standards depending on the extent of non-market activities in each country.
• C)some insight into living standards depending on the accuracy of purchasing power parity.
• D)an exact comparison of living standards.

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