The purchasing power parity (PPP)consists of a method of comparing the:
A)labor force in different countries.
B)daily calories supplied in different countries.
C)income in different countries by looking at the domestic purchasing power of money.
D)life expectancy rates in different countries.

Question

Quizplus · Accepted Answer

Purchasing Power Parity (PPP) is a method used to compare the economic productivity and standards of living between countries by comparing the purchasing power of currencies. It looks at how much a common basket of goods and services costs in different countries, adjusting income figures accordingly to reflect differences in cost of living and inflation rates, rather than using nominal exchange rates. This makes it a useful tool for comparing the relative income levels and economic conditions across different countries.

The Purchasing Power Parity (PPP)consists of a Method of Comparing