2. Comparing PPP GDP per capita and exchange rate based GDP per capita.

(a) Visit the World Bank's World Development Indicators link provided on Moodle. Retrieve the data on GDP per capita (constant 2015 US$) for US and China for both 2000 and 2020. How much better off is the average person in the USA relative to China?

(b) From the same website retrieve the data GDP per capita, PPP (con-stant 2017 international$) for the two countries and the same two years. How much better off is the average person in the USA relative to China?

c) Compare and discuss your answers both across time and countries.