In 2014,if the GNI per capita of India was $1,570 and its PPP per capita was $5,630,this means that the cost of living in India was lower than the cost of living in
A)China.
B)Great Britain.
C)Germany.
D)the United States.
E)The rest of the world.

Question

Quizplus · Accepted Answer

PPP per capita takes into account the differences in the cost of living between countries. Therefore, if India's PPP per capita is $5,630 and its GNI per capita is $1,570, it means that goods and services are cheaper in India compared to the United States. Thus, the cost of living would be lower in India compared to the United States.

In 2014,if the GNI Per Capita of India Was $1,570