_____________is an index used to adjust nominal figures to the purchasing power of local consumers.

Question

Quizplus · Accepted Answer

Purchasing power parity (PPP) is a measure that allows comparison of economic productivity and standards of living between countries. It takes into account the different prices of goods and services in different countries, and adjusts nominal figures to reflect the actual purchasing power of local consumers.

_____________Is an Index Used to Adjust Nominal Figures to the Purchasing