Since each country's real GDP is measured in a different currency, before one can compare the real GDPS of different countries, it is necessary to use OA. the producer price index (PPI) for a uniform price level. OB. the consumer price index (PPI) for a constant price level. O C. the open market operation (OMO) for international price level. D. the purchasing power parities (PPPs) as a currency converter.

Which of the following is true about classifying countries as low income, middle income, or high income? O There is no criteria for classifying economies as low income, middle income, or high income O Countries with unemployment rates above 5% are classified as low income Low income countries have $1,025 per capita GDP per year or lower O High income countries have $15,625 GDP per capita GDP per year or higher

Suppose that in 2018, per-person GDP in the United States was $62,794, and in China, it was $9,770 (measured in 2011 U.S. dollars). It is accurate to say that the income level in the United States is China is characterized by a larger share of household production in total output than the United States is. O The United States is characterized by a larger share of household production in total output than China is. O China is characterized by a higher share of industrial production in total output than the United States is. O The large difference in income between the United States and China exceeds any underestimate of China's GDP as the result of its larger share of household production. Show Transcribed Text than in China. Why is this comparison accurate? Suppose that in 2018, per-person GDP in the United States was $62,794, and in China, it was $9,770 (measured in 2011 U.S. dollars). It is accurate to say that the income level in the United States is O China is characterized by a…

QUESTION 2 An increase in the nominal GDP by 6% can correspond to a decrease in real GDP by 3% and an increase of prices by 3%. O a decrease of real GDP by 4% and an increase of prices by 10%. an increase of real GDP by 5% and a decrease of prices by 1%. O an increase of real GDP by 9% and an increase of prices by 3%.