Purchasing power parity (PPP) data compares the cost of living between countries by examining the costs of similar goods and services. This method assesses how much it would cost to buy the same basket of goods in different countries, allowing for a more accurate comparison of living standards and economic well-being.
How does purchasing power parity (PPP) data compare the cost of living between countries?(1 point)%0D%0AResponses%0D%0A%0D%0Aby dividing by the population of a country %0D%0Aby dividing by the population of a country %0D%0A%0D%0Aby examining the costs of similar goods and services%0D%0Aby examining the costs of similar goods and services%0D%0A%0D%0Aby summing the value of all the goods and services produced in a country%0D%0Aby summing the value of all the goods and services produced in a country%0D%0A%0D%0Aby combining health, education, and income indicators into a score that ranges from 0 to 1
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