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1. The following table contains the GDP per capita of selected countries. GDP per capita in 2020 (US $) Country Name At market exchange rate

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1. The following table contains the GDP per capita of selected countries. GDP per capita in 2020 (US $) Country Name At market exchange rate At PPP prices Canada 46195 51342 China 10262 16830 India 2100 6997 Jamaica 5582 10193 Why do you think the GDP per capita numbers are different for each country when calculated at PPP prices versus when calculated using market exchange rate? Can we compare the cost of living among these countries? Explain your

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