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If GNI adjusted for cost of living in China is about $13,000 while GNI adjusted for cost of living is about $56,000 in the United States, then Multiple Choice China enjoys a higher purchasing power parity. Americans enjoy a higher standard of living the US the U.S. economy is growing more steadily than Chinas economy. Chinas economy is growing faster than the U.S. economy Chinas standard of living should catch up to that of the United States in about four years.

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