How does purchasing power parity (PPP) data compare the cost of living between countries?(1 point)

Question

Responses

by examining the costs of similar goods and services
by examining the costs of similar goods and services

by dividing by the population of a country
by dividing by the population of a country

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 summing the value of all the goods and services produced in a country

Answer 1

Purchasing power parity (PPP) data compares the cost of living between countries by examining the costs of similar goods and services.