The World Bank estimates GNI per capita and then adjusts figures across countries based on _____.

Question

Quizplus · Accepted Answer

GNI per capita is adjusted based on the purchasing power of the income in each country. This is done using a measure called purchasing power parity (PPP) which takes into account the relative costs of living and inflation rates in different countries. This allows for more accurate comparisons of living standards and economic performance across different countries.

The World Bank Estimates GNI Per Capita and Then Adjusts