Purchasing power parity (PPP) data compares the cost of living between countries by examining the costs of similar goods and services. This method allows for a more accurate reflection of living standards by comparing how much of a country's currency is needed to buy the same goods and services in different countries.
How does purchasing power parity (PPP) data compare the cost of living between countries?(1 point)
Responses
by combining health, education, and income indicators into a score that ranges from 0 to 1
by combining health, education, and income indicators into a score that ranges from 0 to 1
by dividing by the population of a country
by dividing by the population of a country
by summing the value of all the goods and services produced in a country
by summing the value of all the goods and services produced in a country
by examining the costs of similar goods and services
1 answer
1 answer