In making international comparisons of living standards using GDP, which of the following is not adjusted for in the calculation?
A. Purchasing power parity.
B. The quantity of resources available to the economy.
C. Population size.
D. Different currency values.
Answer: B
Economics
You might also like to view...
According to economic theory, elected government officials will favor
A) federal budget surpluses. B) balanced federal budgets. C) federal budget deficits. D) shrinking federal budgets.
Economics
From 1990 to the year 2000, real federal spending rose about 21 percent, while from 2000 to 2010, real federal spending rose by about
a. 17 percent. b. 30 percent. c. 59 percent. d. 112 percent.
Economics