If something, such as the GDP for example, is measured at "purchasing power parity," it means that it
A)takes into account the differences in the cost of living in different countries
B)holds all currencies to their 2010 US dollar equivalent
C)accounts for the country's global standing
D)does nothing at all

Question

Quizplus · Accepted Answer

Purchasing power parity takes into account the differences in the cost of living in different countries. It adjusts a country's economic output based on what it costs to buy goods and services in that country, compared to the cost of the same goods and services in the United States. This allows for more accurate comparisons of economic performance between countries.

If Something, Such as the GDP for Example, Is Measured