The data suggests that global income inequality is greater in PPP terms than in nominal terms. is it true or false 122341060IN356Nominal per capitaLuxembourgNorwayQatarSwitzerlandDenmarkAustraliaUnited Arab EmiratesSwedenNetherlands78910USA24 New Zealand183 BurundiUS$108,952 184,144 274,90167,779233457,884 555,986 655.672 7PPP per capitaQatarLuxembourgSingaporeNorwayBruneiUnited Arab EmiratesUSA49,183 8Switzerland46,986 9Netherlands46,860 10Australia32,163 33 New Zealand180183 CongoSource: International Monetary Fund, World Economic Outlook DatabaseUS$88,22281,46656,69451,95948,33347.43946,86041,95040,97339,76427,130329

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The data suggests that global income inequality is greater in PPP terms than in nominal terms. is it true or false

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Chapter1: Making Economics Decisions

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Question

The data suggests that global income inequality is greater in PPP terms than in nominal terms. is it true or false

1
2
2341060IN
3
5
6
Nominal per capita
Luxembourg
Norway
Qatar
Switzerland
Denmark
Australia
United Arab Emirates
Sweden
Netherlands
7
8
9
10
USA
24 New Zealand
183 Burundi
US$
108,952 1
84,144 2
74,901
67,779
23
3
4
57,884 5
55,986 6
55.672 7
PPP per capita
Qatar
Luxembourg
Singapore
Norway
Brunei
United Arab Emirates
USA
49,183 8
Switzerland
46,986 9
Netherlands
46,860 10
Australia
32,163 33 New Zealand
180
183 Congo
Source: International Monetary Fund, World Economic Outlook Database
US$
88,222
81,466
56,694
51,959
48,333
47.439
46,860
41,950
40,973
39,764
27,130
329

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