Which of these statistics gives the most accurate measurement of buying power and the cost of living in a country?
A)GDP
B)GNI
C)PPP
D)HDI
E)IMF

Question

Quizplus · Accepted Answer

GDP and GNI are measurements of a country's economic output and do not take into account the cost of living or buying power. HDI measures human development, including education and health, but does not specifically measure buying power. IMF is an international organization that provides financial assistance and advice to member countries, but does not measure the cost of living. PPP, or purchasing power parity, takes into account the relative prices of goods and services in different countries, providing a more accurate measurement of buying power and cost of living.

Which of These Statistics Gives the Most Accurate Measurement of Buying