📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    PPP stands for 

    A Purchasable power parity Correct Answer Incorrect Answer
    B Purchasing power parity Correct Answer Incorrect Answer
    C Purchased power parity Correct Answer Incorrect Answer
    D Printable power parity Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    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.

    Practice Next
    More Growth and Development Questions

    Relevant for Exams:

    ask-question