The GDP per capita of Country X is higher than that of Thailand.If the GDP per capita of Country X is adjusted for PPP,the country's revised GDP is lower than that of Thailand.Which of the following is most likely true about Country X?
A) There are fewer types of everyday goods available for purchase in Country X than in Thailand.
B) The cost to buy everyday goods in Country X is approximately the same as the cost in Thailand.
C) It costs less to buy everyday goods in Country X than it does to buy similar goods in Thailand.
D) It costs more to buy everyday goods in Country X than it does to buy similar goods in Thailand.
Correct Answer:
Verified
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