For which of the following would purchasing power parity have the least relevance?
a. Pens
b. Toothpicks
c. Paper clips
d. Pencils
e. Shoe shines
E
Economics
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Inflation is an economic problem because it
A) leads inevitably to unemployment. B) makes prices less useful as signals for resource allocation. C) leads to recession. D) results in rapid increases in the money supply.
Economics
Use the following table to answer the next question. The base year is 2007. Hot DogsBaseballsBottles of SodaYearPriceQuantityPriceQuantityPriceQuantity2005$2.00100$5.0050$2.0010020064.001005.001002.0015020076.001005.001002.0020020088.001508.002004.00200200910.0020010.002004.00250Real GDP (constant dollars) for 2005 equals ________.
A. $1500 B. $1050 C. $650 D. $100
Economics