What is true about Purchasing power parity
1) A measure of infant mortality in developing countries
2) Metric used by macroeconomic analysts that compares different countries' currencies through a "basket of goods" approach
3) GDP divided by exchange rate
Solution: Purchasing power parity (PPP) is a popular metric used by macroeconomic analysts that compares different countries' currencies through a "basket of goods" approach. Purchasing power parity (PPP) allows for economists to compare economic productivity and standards of living between countries. Some countries adjust their gross domestic product (GDP) figures to reflect PPP. two currencies are in equilibrium—known as the currencies being at par—when a basket of goods is priced the same in both countries, taking into account the exchange rates.
The demand curve shows that:
In economic terms, the total market value of all final goods and services produced in a given year is known as.........
Which of the following statements about Indirect Tax is incorrect?
Which of the following sector workers are known as ‘Blue Collar workers’?
The Stand-Up India Scheme facilitates bank loans between what amounts for setting up a greenfield enterprise by at least one SC/ST and one woman borrowe...
An increase of 1% per annum in the growth rate of the money supply will increase inflation by:
The Statutory Liquidity Ratio (SLR) is determined by which institution?
What is the uniform GST rate that has been fixed up for lottery prizes by the GST Council?
A Gini coefficient exceeding 0.40 typically indicates which of the following?
What does the term 'subsidy' primarily signify?