Scenario: The price of a standard basket of goods in Mexico is 8 pesos. The price of
the same basket of goods in Turkey is 20 liras and $4 in the United States. Mexico
has an income per capita of 40,000 pesos, and Turkey has an income per capita of
80,000 liras. Assume full employment in both countries.
The difference in PPP adjusted GDP per capita between Mexico and Turkey in dollars
is
$6,860
$5,000
$4,000
$7,500