Which of the Following Statements About the Comparison Between GDP

question 3

Multiple Choice

Which of the following statements about the comparison between GDP in China and in the United States is correct?

• A) Using the exchange rate to value China's GDP in dollars shows that China's GDP per person exceeds the GDP per person in the United States.
• B) Using purchasing power parity prices to value China's GDP in dollars shows that China's GDP per person exceeds the GDP per person in the United States.
• C) China's GDP per person is higher using purchasing power parity prices rather than the exchange rate when valuing China's GDP in dollars.
• D) None of the above answers are correct because they are all false statements.

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