In 2017, if the GNI per capita of India was $1,820 and its PPP per capita was $7,060, this means that the cost of living in India was lower than the cost of living in
A) China.
B) Great Britain.
C) Germany.
D) the United States.
E) the rest of the world.

Question

Quizplus · Accepted Answer

PPP per capita takes into account the cost of living in different countries. A higher PPP per capita indicates a lower cost of living. India's PPP per capita of $7,060 is lower than that of the United States, which is around $63,000. This means that the cost of living in India is lower than that in the United States.

In 2017, If the GNI Per Capita of India Was