GNI per capita can be adjusted by ________ to account for differences in the cost of living.
A) gross domestic product
B) gross values added
C) purchasing power
D) the total value of goods and services produced

Question

Quizplus · Accepted Answer

To account for differences in the cost of living, one can adjust GNI per capita by purchasing power. Referred to as a purchasing power parity (PPP) adjustment, it allows for a more direct comparison of living standards in different countries.

GNI Per Capita Can Be Adjusted by ________ to Account