In countries where the cost of living is high, which GDP measure is typically higher?

A. Nominal GDP

B. GDP at market prices

C. GDP adjusted for inflation

D. GDP adjusted for purchasing power parity (PPP)

 

What prompted China and India to gain hot status in the eyes of global media and businesses?

A. Their large populations

B. High GDP per capita

C. Developed infrastructure

D. Low trade barriers

 

What factor determines the market opportunity for luxury items in a country?

A. Black-market transactions

B. Nominal GDP

C. GDP per capita

D. Total population