The purchasing power parity method of comparing income across countries is based on
What will be an ideal response?
the cost of purchasing a specific bundle of goods and services in each country.
Economics
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When disposable income increases from $9 trillion to $10 trillion, consumption expenditure increases from $6 trillion to $6.8 trillion. The MPC is
A) 0.60. B) $6.8 trillion. C) 0.68. D) 1.00. E) 0.80.
Economics
A certificate of ownership and claim to part of a firm's profits is called
A) depreciation. B) a stock. C) physical capital. D) a bond. E) a certificate of deposit.
Economics