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3 years ago

In 2017, if the PPP per capita of China was $16,760 and the PPP per capita of the United States was $60,200, this means that the

Business

1 answer:

evablogger [386]3 years ago

7 0

Answer:

e. cost of living was lower in China.

Explanation:

Here are the options to this question

. GNI per capita was greater in China.

b. standard of living in China was better.

c .annual average GDP growth rate was lower in China.

d. percent of goods and services consumed in the United States was lower.

e. cost of living was lower in China.

PPP per capita = purchasing power parity / population.

PPP per capita gives the price of a basket of goods per capita.

A lower PPP per capita compared to another country means that price is lower in that country and that the cost of living is lower

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