In 2017, if the PPP per capita of China was $16,760 and the PPP per capita of the United States was $60,200, this means that the
A) GNI per capita was greater in China.
B) percent of goods and services consumed in the United States was lower.
C) standard of living in China was better.
D) cost of living was lower in China.
E) annual average GDP growth rate was lower in China.

Question

Quizplus · Accepted Answer

The PPP per capita indicates that the cost of living is lower in China compared to the United States, as it adjusts for price level differences across countries.

In 2017, If the PPP Per Capita of China Was