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The income per capita in Ruberia in a certain year was 7,240 rubies,and the income per capita in the United States in the same year was $48,000.A bundle of goods that costs 100 rubies in Ruberia has a price of $1,250 in the United States.Using the PPP-based method,determine which country has a higher income per capita.
Common Sense
Practical judgment concerning everyday matters, or a basic ability to perceive, understand, and judge that is shared by ("common to") nearly all people.
Thomas Paine
An influential thinker and author of the 18th century, best known for his works "Common Sense" and "The American Crisis," which advocated for American independence from Britain.
Lockean Liberalism
A political philosophy based on the writings of John Locke, emphasizing individual rights, the rule of law, and the idea that government should be based on the consent of the governed.
Popular Democracy
A form of democracy that emphasizes the role of the people in governance and decision-making processes, often through direct participation or referendums.
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