Which of the following is TRUE?
A) GDP is the best measure of income distribution in a given country.
B) Per capita purchasing power is a more meaningful measure of income than GDP.
C) Latin America is one of the world's wealthiest regions.
D) In the last 20 years, poverty has been eliminated from the world.
E) Australia ranks among the world's poorest countries.

Question

Quizplus · Accepted Answer

Per capita purchasing power takes into account the cost of living and provides a more accurate measure of individual income than GDP, which only measures the overall economic output of a country. A, C, D, and E are all false statements.

Which of the Following Is TRUE