Purchasing Power Parity Refers to

question 183

Multiple Choice

Purchasing power parity refers to

• A)converting each country's GDP into U.S.dollars.
• B)dividing each country's GDP by the size of its population.
• C)adjusting GDP figures for the fact that prices are much lower in some countries than in others.
• D)adjusting different GDP figures for inflation over time.

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Definitions:

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