In 2010,the PPP per capita of China was $7,640 and the PPP per capita of the United States was $47,360.This means that the:

Question

Quizplus · Accepted Answer

PPP stands for purchasing power parity, which means that it adjusts the GNI (gross national income) per capita to reflect the cost of living in each country. Therefore, the fact that China's PPP per capita is lower than the US's suggests that the cost of living in China is cheaper than in the US. Therefore, the cost of living is lower in China (choice D). The other choices are not accurate - just because the PPP per capita is lower in China doesn't mean that the GNI per capita is greater (choice A), nor does it mean that the standard of living is better (choice C). It also doesn't mean that the percent of goods and services consumed in the US is lower (choice B), nor does it give any information about the growth rate of GDP (choice E).

In 2010,the PPP Per Capita of China Was $7,640 and the PPP