If the GDP per capita of Country A is adjusted for purchasing power parity (PPP), the country's revised GDP is higher than that of the United States. Which of the following could be the GDP of Country A, adjusted for PPP?

Question

Quizplus · Accepted Answer

When GDP per capita is adjusted for purchasing power parity (PPP), it accounts for the relative cost of living and the inflation rates of the countries, allowing for a more accurate comparison of economic productivity and standards of living. Since the revised GDP of Country A is higher than that of the United States, and assuming the context is based on recent data where the United States' GDP per capita (PPP) is generally below $65,000, option C ($49,300) is a plausible figure that is higher than options A, B, and D, but still within a realistic range for being higher than the United States' GDP per capita when adjusted for PPP.

If the GDP Per Capita of Country a Is Adjusted