The World Bank estimates GNI per capita and then adjusts figures across countries based on _____.

A) the population rate in each country
B) the unemployment rate in each country
C) the purchasing power of the income in each country
D) the inflation rate in each country
E) the consumer price index in each country

Question

elnor musayev · Accepted Answer

Final Answer : C, Explanation :  GNI per capita is adjusted based on the purchasing power of the income in each country. This is done using a measure called purchasing power parity (PPP) which takes into account the relative costs of living and inflation rates in different countries. This allows for more accurate comparisons of living standards and economic performance across different countries.

Definitions

Learning Objectives

Learning Objectives

Related questions