1.Which of the following statements is true? A)Adjusting for purchasing-power parity makes India’s GDP look even smaller when compared to the GDP of the United States. B)After adjusting for purchasing-power parity, China has the largest economy of any single country in the world. C)Adjusting for purchasing-power parity allows us to make more accurate comparisons of the GDP of the same country across different time periods. D)All of the above. E)None of the above.
1.Which of the following statements is true? A)Adjusting for purchasing-power parity makes India’s GDP look even smaller when compared to the GDP of the United States. B)After adjusting for purchasing-power parity, China has the largest economy of any single country in the world. C)Adjusting for purchasing-power parity allows us to make more accurate comparisons of the GDP of the same country across different time periods. D)All of the above. E)None of the above.
Principles of Macroeconomics (MindTap Course List)
7th Edition
ISBN:9781285165912
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter18: Open-Economy Macroeconomics: Basic Concepts
Section: Chapter Questions
Problem 3QCMC
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1.Which of the following statements is true?
A)Adjusting for purchasing-power parity makes India’s
B)After adjusting for purchasing-power parity, China has the largest economy of any single country in the world.
C)Adjusting for purchasing-power parity allows us to make more accurate comparisons of the GDP of the same country across different time periods.
D)All of the above.
E)None of the above.
pls solve asap................
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