Question

GNI PPP, or gross national income divided by purchasing power parity, helps measure:

1) the standard of living in a country.
2) the average level of education per person in a country.
3) the amount of inflation affecting a country's currency.
4) the average global interest rates for loans.
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Answer 1

Answer: 1- the standard of living in a country.

Explanation: The standard of living is a measure of the material aspects of an economy. It counts the amount of goods and services produced and available for purchase by a person, family, group, or nation.

The generally accepted measure of the standard of living is GDP per Capital. This is a nation's gross domestic product divided by its population. The GDP is the total output of goods and services produced in a year by everyone within the country's borders. it can also be measured using the gross national income divided by purchasing power parity.