5. Suppose that the GDP in current dollars for Spectrania is lower than Meledas GDP. In addition,...
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5. Suppose that the GDP in current dollars for Spectrania is lower than Meleda’s GDP. In addition, using PPP-adjusted dollars, Meleda’s GDP is higher than Spectrania’s GDP. Based on this information, what would you conclude about the living standards in Polonia and Ruritania?
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