1.GDP figures that are adjusted by purchasing power parity are misleading because they dont reflect differences in the cost of living.

True or False

2.In calculating GDP data, the official figures account for barter agreements that take place as part of daily business transactions.

True or False

3.Generally speaking, countries that contain more than one ethnic nationality or where competing ideologies battle for political control tend to form a favorable environment for doing business since this diversity acts as a check-and-balance system on the political forces of the country.

True or False