The concept shown in the images is known as

purchasing power parity.
exchange rates.
factors of production.
gross domestic product.

exchange rates because the amount that the bicycle costs in the us would have a rate and the UK would also so that would be exchange rates.

The correct option is A) Purchasing power parity.

Step-by-step explanation:

Consider the provided image.

Purchasing power parity is a theory that compares the currencies of different countries through an approach to "basket of goods."

An exchange rate is the value of the currency of a country as opposed to that of another country or economic zone.

Production factors, resources or inputs are the factors that are used in the production process for the production of finished goods and services.

Gross domestic product is a monetary measure of the market value of all final goods and services produced, often annually, over a specified period of time.

Now consider the provided image.

Image compares the currencies of different countries through cost of bike.

Hence, the correct option is A) Purchasing power parity.

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step-by-step explanation:

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step-by-step explanation:

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