Thailand's 2018 per capita GDP in International Dollars is $11,000. Per capita GDP (PPP) is $32,000. Which of the following statements is incorrect: O The average Thai worker produced the same quantity of goods and services as the average American who produced $11,000 worth of goods and services. O The average Thai worker enjoys the same standard of living as an American who earned $32,000 in 2018. O The Thai baht has more purchasing power in Thailand than $1 U.S. has in the United States. O The average Thai worker produced the same quantity of goods and services as an American who produced $32,000 worth of goods and services.
Thailand's 2018 per capita GDP in International Dollars is $11,000. Per capita GDP (PPP) is $32,000. Which of the following statements is incorrect: O The average Thai worker produced the same quantity of goods and services as the average American who produced $11,000 worth of goods and services. O The average Thai worker enjoys the same standard of living as an American who earned $32,000 in 2018. O The Thai baht has more purchasing power in Thailand than $1 U.S. has in the United States. O The average Thai worker produced the same quantity of goods and services as an American who produced $32,000 worth of goods and services.
Chapter20: Economic Growth In The Global Economy
Section: Chapter Questions
Problem 4P
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