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What is the purchasing power of money?

The quantity of services and goods that can be purchased with a monetary unit is known as the purchasing power of money. 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

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