Environmental Economics Question Answer

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gdp-index-is-calculated-using-gdp-per-capita-adjusted-for-purchasing-power-parity-because

GDP index is calculated using GDP per capita adjusted for purchasing power parity, because

[A] countries have different inflation rates

[B] the US$ is losing its value

[C] cost of living varies among countries

[D] None of the above

Answer & Explanation
Answer: Option [C]