Economists estimate real buying power by calculating GDP statistics based on purchasing power parity
Indicate whether the statement is true or false
TRUE
You might also like to view...
Which statement about performance appraisal research is true?
A) Paired comparisons are clearly superior to other rating format types. B) Employee comparison methods are clearly superior to other rating format types. C) Companies most often use checklists as their preferred rating format. D) Companies most often use a hybrid of a graphic rating scale and a BARS
While a licensee is showing a property to a prospective buyer, the licensee tells the prospective buyer the property has a "fantastic view." Would the prospect be likely to successfully use that statement as a basis for a legal complaint?
A. Yes, because it would be considered a misrepresentation. B. Yes, because it is illegal for a licensee to use nonfactual extravagant statements. C. No, because this statement would be considered puffing and not grounds for a misrepresentation. D. No, because as long as a prospect has seen a property where are no grounds for any later complaints.