<span>The following are indicators used to measure global economy:
- purchasing power parity
- spending power parity
- gross domestic product
These factors, one way or another, are co-dependent with each other and can result to chain reactions of events that would give benefit or failure to a particular country's economy.</span>
Answer: People face trade off
Explanation:
The basic principle of individual choice that these statements best illustrate is referred to as trade off.
Trade-off occurs when one has to make a compromise between two particular things such that when one increases one, the other decreases. A gain for a particular thing is a loss for something else.
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