In 2014,if the PPP per capita of China was $13,170 and the PPP per capita of the United States was $55,860,this means that the
A)GNI per capita was greater in China.
B)percent of goods and services consumed in the United States was lower.
C)standard of living in China was better.
D)cost of living was lower in China.
E)annual average GDP growth rate was lower in China.

Question

Quizplus · Accepted Answer

PPP per capita measures the relative cost of living and inflation rates between two countries. A lower PPP per capita in China compared to the United States implies a lower cost of living in China. Therefore, choice D is the correct answer. None of the other choices can be concluded from the given data.

In 2014,if the PPP Per Capita of China Was $13,170