If GDP Per Capita at PPP Is Lower in Country

question 15

Multiple Choice

If GDP per capita at PPP is lower in Country X than it is in Country Y, ________.

• A) it costs more to buy the same basket of goods in Country X than it does in Country Y
• B) it costs less to buy the same basket of goods in Country X than it does in Country Y
• C) it costs the same to buy the same basket of goods in both countries
• D) this is insufficient information to make any assumptions about the cost of living in these two countries.

---

Definitions:

CSR Activities

Initiatives undertaken by a company to assess and take responsibility for its effects on environmental and social wellbeing, often going beyond legal requirements.

Balanced Scorecard

A strategic planning and management system used by organizations to align business activities with the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public.

Sustainability Reporting Standards

Guidelines and frameworks for companies to report environmental, social, and governance (ESG) impacts and performance to stakeholders.