Author Question: Explain why purchasing power parity measures of income levels tend to show a smaller difference ... (Read 145 times)

Mr. Wonderful · **on:** Jun 30, 2018

Explain why purchasing power parity measures of income levels tend to show a smaller difference between poor and rich countries.

What will be an ideal response?

Question 2

The process of changing a technology to fit local resources is

a. invention
b. adaptation
c. innovation
d. technology transfer
e. all of the above

Tonny · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

PPP measures show the number of units of developing country currency required to purchase a basket of goods and services in the developing country market that costs
one dollar in the U.S. Prices for most services tend to be much cheaper in developing countries than in the U.S.

Answer to Question 2

B