Which measure uses a common set of international prices for all goods and services produced?
A)purchasing power parity income levels
B)GNP price deflators
C)foreign exchange rate conversions to U.S.dollars
D)the exchange rate

Question

Quizplus · Accepted Answer

Purchasing power parity income levels use a common set of international prices for all goods and services produced in different countries, in order to compare the economic well-being of each country. This helps to eliminate the distortions that can be caused by different exchange rates, inflation rates, and other factors that affect the prices of goods and services in different countries. The other options listed do not use a common set of international prices for all goods and services produced.

Which Measure Uses a Common Set of International Prices for All