the images show the cost of the same bike in the united states and britain. = $75.00 us dollars = £49.50…

the images show the cost of the same bike in the united states and britain. = $75.00 us dollars = £49.50 british pounds the concept shown in the images is known as purchasing power parity. exchange rates. factors of production. gross domestic product.

the images show the cost of the same bike in the united states and britain. = $75.00 us dollars = £49.50 british pounds the concept shown in the images is known as purchasing power parity. exchange rates. factors of production. gross domestic product.

Answer

Brief Explanations:

Purchasing - power parity is the idea that a good should cost the same in different countries when adjusted for exchange - rates. Here, the cost of the same bike in the US and Britain is shown, which relates to this concept. Exchange rates just show the conversion between currencies. Factors of production are inputs like labor and capital. Gross domestic product is the total value of goods and services produced in a country.

Answer:

purchasing power parity