Which of the following helps in adjusting GNI such that it accounts for the differences in the cost of living?
A) purchasing power parity (PPP) adjustment
B) Human Development Index
C) debt to GNI ratio
D) consumer price index

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.

Which of the Following Helps in Adjusting GNI Such That