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Which of the following statements describe(s) PPP-adjustment? a. is very similar to adjusting for cost-of-living increases using a price index like the CPI. b. recalculates

Which of the following statements describe(s) PPP-adjustment?

a. is very similar to adjusting for cost-of-living increases using a price index like the CPI.

b. recalculates economic statistics to account for differences in price levels across countries.

c. recalculates a variable like GDP per capita so we can compare someone's standard of living across countries.

d. All of these are true.

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