Download the BYJU'S Exam Prep App for free IAS preparation videos & tests - Download the BYJU'S Exam Prep App for free IAS preparation videos & tests -

How do you compare PPP of two countries?

It is done by equalizing the value of comparable market basket of goods between two countries. This equalizing exchange rate is the PPP exchange rate. You can read about the Methods of GDP Estimation in the given link.

Further readings:

  1. Poverty – A Multidimensional Challenge
  2. Economic Planning in India 

Related Links

Economy Questions in UPSC Prelims [2013-2020]

Cashless Economy in India

Green GDP: Notes for UPSC

Measurements of National Income

G20 Talks on Economic Crisis: RSTV- Big Picture

National Income and its Accounting

Comments

Leave a Comment

Your Mobile number and Email id will not be published.

*

*