Which of the following can be perceived from measuring actual individual consumption across global markets?
A) Developed countries are likely to benefit more from full integration than developing countries.
B) Purchasing power differences do not account for differences in demand of products and services.
C) The living standards of high-income countries differ from low-income countries.
D) A vast majority of the world's income is concentrated in the lower-middle or upper-middle income countries.

Question

Quizplus · Accepted Answer

Measuring actual individual consumption across global markets would show the differences in living standards between high-income and low-income countries. This would help to perceive that the living standards of high-income countries differ from low-income countries. Option A is not necessarily true as it depends on the nature of integration and the specific countries involved. Option B is not true because purchasing power differences do account for differences in demand. Option D cannot be concluded because the concentration of income is not necessarily related to consumption.

Which of the Following Can Be Perceived from Measuring Actual