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Which of the following, if true, best completes the [#permalink]
08 Apr 2004, 04:09
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14. Which of the following, if true, best completes the
Comparisons of the average standards of living
of the citizens of two countries should reflect the cit-
izens' comparative access to goods and services.
Reliable figures in a country's own currency for the
average income of its citizens are easily obtained.
But it is difficult to get an accurate comparison of
average standards of living from these figures.
(A) there are usually no figures comparing how
much of two different currencies must be
spent in order to purchase a given quantity of
goods and services
(B) wage levels for the same job vary greatly from
country to country, depending on cultural as
well as on purely economic factors
(C) these figures must be calculated by dividing the
gross national product of a country by the
size of its population
(D) comparative access to goods and services is only
one of several factors relevant in determining
quality of life
(E) the wealth, and hence the standard of living, of
a country's citizens is very closely related to
6 years back I had to think twice to buy a 25 inch TV in India with Rs 25000/- salary per month. In US I thought for 2 mins with a salary of $5000 per month. SO quality of life depends on purchasing power as said by A)