Answered

If we use Country A as the base country to calculate a cost-of-living index comparison to Country B and the index number is positive, it means that on average, price levels in Country B are what we would expect if Purchasing Power Parity (PPP) held true? In this case the PPP-adjusted GDP for Country B will be its nominal GDP.

Answer :

cancinodavidq

Answer:

Greater than

Explanation:

Answer 1:

If the index number used to calculate prices is positive, then it shows that price level in country B is greater than the price level in Country A which is used as the base year. Thus, the blank can be filled by Greater than.

 

PPP adjusted GDP in this case in country B will be less than its nominal GDP as price level is higher.

sabinabastola326

Answer:

The answer is greater then

Other Questions