Since countries differ in the amount of economic activity that is transacted in organized markets,
A)some countries are more productive than others.
B)persons live better in some countries than others.
C)international comparisons of per capita GDP are often misleading.
D)comparisons between countries are totally impossible.

Question

Quizplus · Accepted Answer

International comparisons of per capita GDP are often misleading as countries differ in the amount of economic activity that is transacted in organized markets. Therefore, comparing only the reported GDP figures can give a false impression of the economic well-being of a country.

Since Countries Differ in the Amount of Economic Activity That