The ________ adjustment allows for a more direct comparison of living standards in different countries.
A) gross domestic product
B) value added
C) gross national income (GNI)
D) purchasing power parity (PPP)

Question

Quizplus · Accepted Answer

Referred to as a purchasing power parity (PPP) adjustment, it allows for a more direct comparison of living standards in different countries. The base for the adjustment is the cost of living in the United States.

The ________ Adjustment Allows for a More Direct Comparison of Living