The PPP, another measure of global productivity, stands for ___.

Question

Quizplus · Accepted Answer

PPP stands for purchasing power parity, which is a measure of the relative value of currencies in different countries. It compares the prices of goods and services in different countries, taking into account the exchange rate, to determine the real purchasing power of a currency. This helps to provide a more accurate comparison of economic productivity between different countries. Options A, B, and D do not accurately reflect the concept of PPP.

The PPP, Another Measure of Global Productivity, Stands for ___