Is the value of goods and services that can be

66) ________ is the value of goods and services that can be purchased with one unit of a
country's currency.
A) Potential output
B) Gross national product
C) Purchasing power
D) Gross domestic product
Answer: C
AACSB: Dynamics of the global economy
Skill: Concept
Objective: 4
Difficulty: Easy
Course LO: Define the fundamental concepts of international business
67) An investor wants to invest in a country that has a high gross national income (GNI). Which
of the following countries would most likely qualify as a prospect?

68) Which of the following terms is used to refer to the exchange of goods and services for other
goods and services instead of money?
19
69) The GDP per capita of a country is lower than that of France. If the GDP per capita of the
country is adjusted for PPP, the country's revised GDP is higher than that of France. Which of
the following is most likely true about the country?
70) The GDP per capita of a country is higher than that of Thailand. If the GDP per capita of the
country is adjusted for PPP, the country's revised GDP is lower than that of Thailand. Which of
the following is most likely true about the country?
A) There are fewer goods available for purchase in the country than in Thailand.
B) The cost to buy everyday goods in the country is approximately the same as in Thailand.
C) It costs less to buy everyday goods in the country than in Thailand.
D) It costs more to buy everyday goods in the country than in Thailand.
Answer: D
AACSB: Analytic skills
Skill: Application
Objective: 4
Difficulty: Hard
Course LO: Define the fundamental concepts of international business
71) Which of the following measures the extent to which a government equitably provides its
people with a long and healthy life, an education, and a decent standard of living?