Adjusted per-capita GDP accurately represents the amount of products consumers can buy using their country's currency as it corresponds to their own standard of living.

Question

Quizplus · Accepted Answer

Adjusted per-capita GDP, often adjusted for purchasing power parity (PPP), more accurately reflects the amount of goods and services that consumers can buy in their own country, taking into account the cost of living and inflation rates, thus corresponding to their standard of living.

Adjusted Per-Capita GDP Accurately Represents the Amount of Products Consumers