You can adjust GNI per capita by purchasing power to account for differences in the
A)cost of living.
B)population density.
C)geographical area.
D)factor endowments.
E)labor productivity.

Question

Quizplus · Accepted Answer

Adjusting GNI per capita by purchasing power accounts for differences in the cost of living, which varies significantly across countries. This adjustment reflects how far a unit of money can go in different countries and provides a more accurate picture of the standard of living in each country. Population density, geographical area, factor endowments, and labor productivity are not directly related to adjusting GNI per capita by purchasing power.

You Can Adjust GNI Per Capita by Purchasing Power to Account