Which of the following is not an adjustment made when comparing standards of living across countries?
A) Converting each country's GDP into U.S. dollars
B) Dividing each country's GDP by the size of its population
C) Adjusting for different price levels across countries
D) Adjusting for different unemployment rates across countries

Question

Quizplus · Accepted Answer

Adjusting for different unemployment rates is not necessary when comparing standards of living across countries. Factors such as GDP per capita and cost of living have a greater impact on standards of living than unemployment rates.

Which of the Following Is Not an Adjustment Made When